Flutter Entertainment (LON:FLTR) Trading Down 2.3% – Time to Sell?

Flutter Entertainment plc (LON:FLTR) shares dropped 2.3% during trading on Friday . The stock traded as low as £203.10 ($252.30) and last traded at £204.10 ($253.54). Approximately 45,480 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 46,283 shares. The stock had previously closed at £209 ($259.63).

Analyst Ratings Changes

A number of brokerages have issued reports on FLTR. Shore Capital reiterated a “hold” rating on shares of Flutter Entertainment in a research report on Tuesday, September 17th. Berenberg Bank upped their price objective on shares of Flutter Entertainment from £188 ($233.54) to £203 ($252.17) and gave the stock 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of £201.47 ($250.28).

Flutter Entertainment Price Performance

The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 64.90. The stock has a 50-day simple moving average of £204.08 and a 200 day simple moving average of £176.21. The stock has a market capitalization of £36.29 billion, a price-to-earnings ratio of -3,599.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

Insider Buying and Selling

In other Flutter Entertainment news, insider Rob Coldrake sold 155 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of £218.36 ($271.25), for a total value of £33,845.80 ($42,044.47). 0.08% of the stock is currently owned by corporate insiders.

About Flutter Entertainment

Flutter Entertainment is the world’s largest online sports betting and gaming operator with a portfolio of globally recognised brands.