Flutter Entertainment (LON:FLTR) Hits New 12-Month Low – Time to Sell?

Flutter Entertainment plc (LON:FLTR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as £117.25 and last traded at £117.70, with a volume of 370639 shares trading hands. The stock had previously closed at £121.25.

Wall Street Analyst Weigh In

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

Flutter Entertainment Trading Down 2.8%

The business has a 50-day simple moving average of £152.37 and a 200-day simple moving average of £182.76. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 73.74. The company has a market cap of £20.65 billion, a PE ratio of -92.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

Flutter Entertainment Company Profile

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