Flutter Entertainment (LON:FLTR) Sets New 1-Year Low – What’s Next?

Flutter Entertainment plc (LON:FLTR)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 7,536 and last traded at GBX 7,580, with a volume of 121805 shares traded. The stock had previously closed at GBX 7,728.

Analyst Ratings Changes

A number of equities research analysts have commented on FLTR shares. JPMorgan Chase & Co. reduced their target price on Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft cut their price objective on Flutter Entertainment from £202 to £190 and set a “buy” rating for the company in a research report on Friday, January 23rd. Berenberg Bank increased their target price on shares of Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a research note on Monday, January 19th. Finally, Citigroup dropped their price target on shares of Flutter Entertainment from £244 to £158 and set a “buy” rating for the company in a research report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of £207.40.

Flutter Entertainment Price Performance

The company has a fifty day moving average of GBX 9,966.10 and a 200-day moving average of £148.60. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 142.42. The stock has a market cap of £13.31 billion, a PE ratio of -59.81, a P/E/G ratio of 1.76 and a beta of 1.18.

Flutter Entertainment Company Profile

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