Flutter Entertainment (LON:FLTR) Hits New 52-Week High – What’s Next?

Flutter Entertainment plc (LON:FLTR) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as £221.10 ($277.69) and last traded at £220.40 ($276.81), with a volume of 339849 shares changing hands. The stock had previously closed at £218.30 ($274.18).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FLTR. Shore Capital reaffirmed a “hold” rating on shares of Flutter Entertainment in a research note on Tuesday, September 17th. Berenberg Bank lifted their price target on shares of Flutter Entertainment from £188 ($236.12) to £203 ($254.96) and gave the company a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of £201.47 ($253.04).

Flutter Entertainment Stock Up 1.0 %

The stock has a 50-day moving average price of £184.38 and a 200-day moving average price of £164.92. The company has a debt-to-equity ratio of 64.90, a current ratio of 0.90 and a quick ratio of 0.70. The company has a market capitalization of £39.19 billion, a P/E ratio of -3,850.09, a P/E/G ratio of 1.76 and a beta of 1.24.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.