Flutter Entertainment (LON:FLTR) Trading Down 3.6% – Here’s What Happened

Flutter Entertainment plc (LON:FLTR) fell 3.6% on Monday . The company traded as low as GBX 6,920 and last traded at GBX 7,330.20. 148,079 shares were traded during mid-day trading, a decline of 42% from the average session volume of 253,215 shares. The stock had previously closed at GBX 7,600.

Analyst Upgrades and Downgrades

FLTR has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a £160 price objective on shares of Flutter Entertainment in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a report on Friday, January 23rd. Citigroup lowered shares of Flutter Entertainment to a “sell” rating and cut their price objective for the company from £158 to GBX 6,800 in a research report on Thursday, April 16th. Finally, Berenberg Bank raised their target price on shares of Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a research report on Monday, January 19th. Four 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of £184.50.

Flutter Entertainment Price Performance

The company has a 50 day moving average of GBX 7,988.77 and a 200 day moving average of £124.25. The stock has a market capitalization of £12.75 billion, a price-to-earnings ratio of -41.89, a price-to-earnings-growth ratio of 1.76 and a beta of 1.15. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 142.42.

About Flutter Entertainment

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