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

Shares of Flutter Entertainment plc (LON:FLTR) fell 0.2% on Wednesday. The company traded as low as GBX 7,536 and last traded at GBX 7,588. 13,319,006 shares changed hands during mid-day 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

Several research firms recently commented on FLTR. Jefferies Financial Group reiterated a “buy” rating and issued a £160 price objective on shares of Flutter Entertainment in a research report on Monday, July 6th. Citigroup upgraded shares of Flutter Entertainment to a “sell” rating in a research report on Monday, June 29th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of £147.50.

Flutter Entertainment Stock Performance

The company has a market capitalization of £13.16 billion, a price-to-earnings ratio of -36.13, a PEG ratio of 1.76 and a beta of 1.09. The stock has a fifty day moving average price of GBX 7,622 and a two-hundred day moving average price of GBX 7,698.24. The company has a quick ratio of 0.70, a current ratio of 0.89 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.