Flutter Entertainment (LON:FLTR) Shares Down 2.3% – What’s Next?

Flutter Entertainment plc (LON:FLTR) dropped 2.3% on Friday . The stock traded as low as £203.10 ($252.30) and last traded at £204.10 ($253.54). Approximately 45,480 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 46,283 shares. The stock had previously closed at £209 ($259.63).

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Berenberg Bank raised their target price on Flutter Entertainment from £188 ($233.54) to £203 ($252.17) and gave the company a “buy” rating in a research note on Thursday, October 24th. Shore Capital reiterated a “hold” rating on shares of Flutter Entertainment in a research report on Tuesday, September 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of £201.47 ($250.28).

Flutter Entertainment Price Performance

The business has a fifty day moving average price of £204.66 and a 200 day moving average price of £176.62. The company has a debt-to-equity ratio of 64.90, a current ratio of 0.90 and a quick ratio of 0.70. The company has a market capitalization of £36.29 billion, a price-to-earnings ratio of -3,599.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

Insider Activity at Flutter Entertainment

In other news, insider Rob Coldrake sold 155 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of £218.36 ($271.25), for a total value of £33,845.80 ($42,044.47). 0.08% of the stock is currently owned by insiders.

About Flutter Entertainment

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