Flutter Entertainment (LON:FLTR) Sets New 12-Month High – What’s Next?

Flutter Entertainment plc (LON:FLTR)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as £209.60 ($264.15) and last traded at £205.60 ($259.11), with a volume of 211331 shares changing hands. The stock had previously closed at £192.70 ($242.85).

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FLTR shares. Shore Capital reiterated a “hold” rating on shares of Flutter Entertainment in a report on Tuesday, September 17th. Berenberg Bank lifted their price objective on shares of Flutter Entertainment from £188 ($236.93) to £203 ($255.83) and gave the company a “buy” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of £201.47 ($253.90).

Flutter Entertainment Stock Performance

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 firm has a market cap of £36.92 billion, a P/E ratio of -3,670.19, a PEG ratio of 1.76 and a beta of 1.24. The stock’s 50 day moving average is £178.02 and its two-hundred day moving average is £162.03.

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.