Flutter Entertainment (LON:FLTR) Hits New 1-Year High – What’s Next?

Flutter Entertainment plc (LON:FLTR)’s share price hit a new 52-week high during trading on Friday . The company traded as high as £190.80 ($248.37) and last traded at £190.70 ($248.24), with a volume of 668228 shares changing hands. The stock had previously closed at £182.95 ($238.15).

Wall Street Analyst Weigh In

Several research analysts recently commented on FLTR shares. Berenberg Bank increased their target price on shares of Flutter Entertainment from £188 ($244.73) to £203 ($264.25) and gave the stock a “buy” rating in a report on Thursday, October 24th. Shore Capital restated 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of £201.47 ($262.27).

Flutter Entertainment Stock Performance

The firm has a market cap of £34.01 billion, a price-to-earnings ratio of -3,373.02, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. 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’s 50 day moving average is £174.93 and its 200 day moving average is £160.62.

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.