Flutter Entertainment (LON:FLTR) Stock Price Down 7.9% – Time to Sell?

Flutter Entertainment plc (LON:FLTR) shares fell 7.9% during trading on Friday . The company traded as low as GBX 9,050 and last traded at GBX 9,665.40. 219,305 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 430,762 shares. The stock had previously closed at £104.95.

Analysts Set New Price Targets

Several research analysts have weighed in on FLTR shares. Peel Hunt reiterated a “hold” rating and set a £223 target price on shares of Flutter Entertainment in a report on Thursday, November 13th. Citigroup dropped their price target on Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a research report on Friday, November 28th. Berenberg Bank boosted their price objective on Flutter Entertainment from £181 to £213 and gave the company a “buy” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. lowered their target price on Flutter Entertainment from £271 to £253 and set an “overweight” rating for the company in a research note on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of £224.60.

Flutter Entertainment Trading Down 7.9%

The stock has a market cap of £16.94 billion, a price-to-earnings ratio of -76.11, a P/E/G ratio of 1.76 and a beta of 1.24. The business has a 50-day simple moving average of £144.31 and a two-hundred day simple moving average of £176.22. The company has a debt-to-equity ratio of 73.74, a quick ratio of 0.70 and a current ratio of 0.90.

About Flutter Entertainment

Flutter Entertainment is the world’s largest online sports betting and gaming operator with a portfolio of globally recognised brands.