Flutter Entertainment (LON:FLTR) Hits New 1-Year High at $17,995.00

Flutter Entertainment plc (LON:FLTR) hit a new 52-week high during trading on Wednesday . The stock traded as high as £179.95 ($240.96) and last traded at £178 ($238.35), with a volume of 280570 shares traded. The stock had previously closed at £171 ($228.98).

Wall Street Analyst Weigh In

FLTR has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and set a £220 ($294.59) target price on shares of Flutter Entertainment in a research report on Tuesday, May 28th. Shore Capital restated a “hold” rating on shares of Flutter Entertainment in a research report on Tuesday, September 17th. JPMorgan Chase & Co. decreased their target price on shares of Flutter Entertainment from £213 ($285.22) to £207 ($277.18) and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Finally, Berenberg Bank boosted their price objective on shares of Flutter Entertainment from £186 ($249.06) to £188 ($251.74) and gave the stock a “buy” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of £197.72 ($264.76).

Flutter Entertainment Price 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 company’s 50-day simple moving average is £158.62 and its 200-day simple moving average is £156.37. The company has a market cap of £32.01 billion, a price-to-earnings ratio of -3,031.91, a P/E/G ratio of 1.76 and a beta of 1.23.

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.