Flutter Entertainment (LON:FLTR) Hits New 52-Week High – What’s Next?

Flutter Entertainment plc (LON:FLTR) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as £221.10 ($277.69) and last traded at £220.40 ($276.81), with a volume of 339849 shares trading hands. The stock had previously closed at £218.30 ($274.18).

Analysts Set New Price Targets

A number of analysts recently commented on the company. Berenberg Bank boosted their target price on Flutter Entertainment from £188 ($236.12) to £203 ($254.96) and gave the company a “buy” rating in a research report on Thursday, October 24th. Shore Capital restated a “hold” rating on shares of Flutter Entertainment in a report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of £201.47 ($253.04).

Flutter Entertainment Stock Up 1.0 %

The company has a market capitalization of £39.19 billion, a P/E ratio of -3,850.09, a PEG ratio of 1.76 and a beta of 1.24. The stock has a 50 day moving average price of £184.38 and a 200 day moving average price of £164.92. The company has a debt-to-equity ratio of 64.90, a quick ratio of 0.70 and a current ratio of 0.90.

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.