Flutter Entertainment (LON:FLTR) Trading Down 1.9% – Time to Sell?

Flutter Entertainment plc (LON:FLTR) shares traded down 1.9% on Monday . The stock traded as low as £208.10 ($259.09) and last traded at £210.20 ($261.70). 2,449,266 shares were traded during trading, an increase of 311% from the average session volume of 595,775 shares. The stock had previously closed at £214.30 ($266.81).

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price objective on shares of Flutter Entertainment from £188 ($234.06) to £203 ($252.74) and gave the stock a “buy” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Flutter Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of £201.47 ($250.84).

Flutter Entertainment Stock Performance

The company has a 50-day moving average of £212.87 and a 200 day moving average of £184.28. The firm has a market capitalization of £38.16 billion, a PE ratio of -3,784.83, a PEG ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 64.90.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, insider Rob Coldrake sold 155 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of £218.36 ($271.86), for a total transaction of £33,845.80 ($42,138.70). Company insiders own 0.08% of the company’s stock.

About Flutter Entertainment

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