Flutter Entertainment (LON:FLTR) Reaches New 52-Week High – Still a Buy?

Flutter Entertainment plc (LON:FLTR) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as £224.10 ($282.85) and last traded at £223.60 ($282.22), with a volume of 88340 shares traded. The stock had previously closed at £221 ($278.93).

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Shore Capital reissued a “hold” rating on shares of Flutter Entertainment in a research note on Tuesday, September 17th. Berenberg Bank raised their price target on shares of Flutter Entertainment from £188 ($237.28) to £203 ($256.22) and gave the company a “buy” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of £201.47 ($254.29).

Flutter Entertainment Stock Down 0.5 %

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 cap of £39.08 billion, a PE ratio of -3,876.54, a P/E/G ratio of 1.76 and a beta of 1.24. The business’s 50 day moving average is £195.32 and its 200-day moving average is £170.01.

Insider Transactions at Flutter Entertainment

In other news, insider Rob Coldrake sold 155 shares of Flutter Entertainment stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of £218.36 ($275.60), for a total value of £33,845.80 ($42,718.41). Corporate insiders own 0.08% of the company’s stock.

About Flutter Entertainment

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.