Flutter Entertainment (LON:FLTR) Shares Down 1.9% – Here’s What Happened

Shares of Flutter Entertainment plc (LON:FLTR) were down 1.9% during mid-day trading on Monday . The stock traded as low as £208.10 ($258.93) and last traded at £210.20 ($261.54). Approximately 2,449,266 shares were traded during trading, an increase of 311% from the average daily volume of 595,775 shares. The stock had previously closed at £214.30 ($266.64).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on shares of Flutter Entertainment from £188 ($233.92) to £203 ($252.58) and gave the stock a “buy” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of £201.47 ($250.68).

Flutter Entertainment Price Performance

The stock has a market cap of £37.38 billion, a P/E ratio of -3,707.23, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 64.90. The business’s 50-day simple moving average is £212.74 and its two-hundred day simple moving average is £183.49.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, insider Rob Coldrake sold 155 shares of Flutter Entertainment stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of £218.36 ($271.69), for a total transaction of £33,845.80 ($42,112.48). 0.08% of the stock is currently owned by corporate insiders.

Flutter Entertainment Company Profile

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