Flutter Entertainment (LON:FLTR) Hits New 12-Month High – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Flutter Entertainment Trading Down 0.5 %

The company has a market capitalization of £39.08 billion, a PE ratio of -3,876.54, a PEG ratio of 1.76 and a beta of 1.24. The company has a fifty day simple moving average of £195.32 and a 200-day simple moving average of £170.01. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 64.90.

Insider Activity at Flutter Entertainment

In related news, insider Rob Coldrake sold 155 shares of the business’s stock in a transaction dated 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). 0.08% of the stock is currently owned by insiders.

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.