Flutter Entertainment (LON:FLTR) Stock Price Down 0.2% – Time to Sell?

Flutter Entertainment plc (LON:FLTR)’s stock price fell 0.2% during trading on Tuesday . The stock traded as low as GBX 7,536 and last traded at GBX 7,588. Approximately 13,319,006 shares changed hands 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 Analysts Forecast Growth

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

Flutter Entertainment Price Performance

The company has a market capitalization of £13.16 billion, a P/E ratio of -36.13, a P/E/G ratio of 1.76 and a beta of 1.09. The business’s 50-day simple moving average is GBX 7,819.74 and its 200 day simple moving average is GBX 8,329.40. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 143.53.

About Flutter Entertainment

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