Flutter Entertainment (LON:FLTR) Reaches New 52-Week Low After Analyst Downgrade

Flutter Entertainment plc (LON:FLTR) reached a new 52-week low during trading on Monday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from £202 to £190. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Flutter Entertainment traded as low as £127.60 and last traded at £128.45, with a volume of 96340 shares trading hands. The stock had previously closed at £129.90.

FLTR has been the subject of several other research reports. Berenberg Bank increased their price target on Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a research note on Monday, January 19th. Peel Hunt reiterated a “hold” rating and issued a £223 target price on shares of Flutter Entertainment in a research report on Thursday, November 13th. Citigroup lowered their target price on shares of Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating for the company in a research note on Tuesday, December 2nd. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of £224.60.

Flutter Entertainment Price Performance

The firm has a market capitalization of £21.74 billion, a P/E ratio of -97.68, a P/E/G ratio of 1.76 and a beta of 1.24. The business’s fifty day moving average is £154.54 and its 200 day moving average is £185.54. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74.

About Flutter Entertainment

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