Flutter Entertainment (LON:FLTR) Sets New 52-Week High – Here’s What Happened

Flutter Entertainment plc (LON:FLTR)’s share price reached a new 52-week high on Tuesday . The company traded as high as £221.10 ($280.30) and last traded at £220.40 ($279.41), with a volume of 339849 shares traded. The stock had previously closed at £218.30 ($276.75).

Wall Street Analyst Weigh In

Several research analysts have weighed in on FLTR shares. Berenberg Bank lifted their target price on Flutter Entertainment from £188 ($238.34) to £203 ($257.35) and gave the company a “buy” rating in a research note on Thursday, October 24th. Shore Capital reiterated a “hold” rating on shares of Flutter Entertainment in a research report 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, the company presently has an average rating of “Moderate Buy” and an average target price of £201.47 ($255.42).

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 fifty day simple moving average of £185.29 and a two-hundred day simple moving average of £165.32. The company has a market cap of £38.50 billion, a PE ratio of -3,874.78, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

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.