Flutter Entertainment (LON:FLTR) Reaches New 1-Year Low - Here's Why

Key Points

• Flutter hit a new 52-week low, trading as low as £106.55 and last at £106.80 on heavy volume (~387,058 shares), down roughly 4.5%.
• Analysts maintain a consensus "Moderate Buy" (four Buys, one Hold) with a consensus target of £224.60, even as several firms (Deutsche Bank, Citi, JPMorgan) have recently cut price targets while Berenberg raised theirs.
• Financial and technical indicators show strain: debt-to-equity ~73.7, current ratio 0.90, negative P/E (-85.5), and 50-/200-day moving averages (£147.52 / £178.12) well above the current share price, indicating downward pressure.

Flutter Entertainment plc (LON:FLTR - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as £106.55 and last traded at £106.80, with a volume of 387058 shares. The stock had previously closed at £113.80.

Analyst Upgrades and Downgrades

FLTR has been the subject of several research reports. Peel Hunt reissued a "hold" rating and set a £223 price objective on shares of Flutter Entertainment in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft lowered their price target on Flutter Entertainment from £202 to £190 and set a "buy" rating for the company in a research report on Friday, January 23rd. Citigroup cut their price objective on Flutter Entertainment from £254 to £244 and set a "buy" rating on the stock in a report on Friday, November 28th. Berenberg Bank boosted their target price on Flutter Entertainment from £181 to £213 and gave the stock a "buy" rating in a report on Monday, January 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of Flutter Entertainment from £271 to £253 and set an "overweight" rating on the stock in a report on Tuesday, December 2nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of £224.60.

Flutter Entertainment Stock Down 4.5%

The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70. The stock's fifty day simple moving average is £147.52 and its 200-day simple moving average is £178.12. The stock has a market cap of £19.04 billion, a P/E ratio of -85.54, a PEG ratio of 1.76 and a beta of 1.24.

Flutter Entertainment Company Profile

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

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