Flutter Entertainment (LON:FLTR) Hits New 52-Week Low – Time to Sell?

Flutter Entertainment plc (LON:FLTR) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 8,586 and last traded at GBX 8,620, with a volume of 102523 shares trading hands. The stock had previously closed at GBX 9,041.93.

Analysts Set New Price Targets

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

Flutter Entertainment Price Performance

The company has a debt-to-equity ratio of 73.74, a quick ratio of 0.70 and a current ratio of 0.90. The stock has a market capitalization of £15.86 billion, a PE ratio of -71.26, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The business’s 50-day moving average price is £132.71 and its 200 day moving average price is £168.31.

About Flutter Entertainment

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