Flutter Entertainment (LON:FLTR) Stock Price Down 0.2% – Here’s What Happened

Flutter Entertainment plc (LON:FLTR)’s stock price was down 0.2% on Tuesday . The company traded as low as GBX 7,536 and last traded at GBX 7,588. Approximately 13,319,006 shares were traded during trading, an increase of 2,273% from the average daily volume of 561,374 shares. The stock had previously closed at GBX 7,602.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FLTR shares. Citigroup raised shares of Flutter Entertainment to a “sell” rating in a research report on Monday, June 29th. Berenberg Bank restated a “buy” rating and set a £129 price objective on shares of Flutter Entertainment in a report on Thursday, May 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a £160 price objective on shares of Flutter Entertainment in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. cut shares of Flutter Entertainment to an “overweight” rating and reduced their price objective for the company from £127 to £115 in a report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of £147.50.

Flutter Entertainment Trading Down 0.2%

The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 143.53. The firm has a 50 day moving average price of GBX 7,821.35 and a 200 day moving average price of GBX 8,288.82. The stock has a market capitalization of £13.16 billion, a PE ratio of -36.13, a P/E/G ratio of 1.76 and a beta of 1.09.

About Flutter Entertainment

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