Flutter Entertainment (LON:FLTR) Shares Down 7.9% – Should You Sell?

Flutter Entertainment plc (LON:FLTRGet Free Report) fell 7.9% on Friday . The company traded as low as GBX 9,050 and last traded at GBX 9,665.40. 219,305 shares were traded during trading, a decline of 49% from the average session volume of 430,762 shares. The stock had previously closed at £104.95.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on Flutter Entertainment

Flutter Entertainment Trading Down 7.9%

The firm’s 50-day moving average is £144.31 and its 200-day moving average is £176.22. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74. The firm has a market cap of £16.94 billion, a price-to-earnings ratio of -76.11, a P/E/G ratio of 1.76 and a beta of 1.24.

Flutter Entertainment Company Profile

(Get Free Report)

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

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