Flutter Entertainment (LON:FLTR) Reaches New 52-Week Low - Here's What Happened

Key Points

• New 52-week low: Flutter shares fell to as low as GBX 7,536 and last traded at GBX 7,580 on Friday with 121,805 shares changing hands (previous close GBX 7,728).
• Analysts have revised targets—Deutsche Bank, JPMorgan and Citigroup trimmed theirs while Berenberg raised its view—leaving a consensus rating of Moderate Buy and a consensus target price of £207.40 (four Buy, one Hold).
• Key financials point to strained liquidity and elevated leverage, with a current ratio of 0.95, quick ratio 0.70, debt-to-equity of 142.42 and a negative P/E of -59.81.

Flutter Entertainment plc (LON:FLTR - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as GBX 7,536 and last traded at GBX 7,580, with a volume of 121805 shares traded. The stock had previously closed at GBX 7,728.

Analysts Set New Price Targets

Several analysts have recently weighed in on FLTR shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Flutter Entertainment from £202 to £190 and set a "buy" rating for the company in a research note on Friday, January 23rd. JPMorgan Chase & Co. dropped their target price on shares of Flutter Entertainment from £271 to £253 and set an "overweight" rating for the company in a report on Tuesday, December 2nd. Citigroup decreased their price target on shares of Flutter Entertainment from £244 to £158 and set a "buy" rating on the stock in a research note on Thursday, March 5th. Finally, Berenberg Bank upped their price objective on shares of Flutter Entertainment from £181 to £213 and gave the company a "buy" rating in a research note on Monday, January 19th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of £207.40.

Flutter Entertainment Stock Performance

The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 142.42. The firm has a fifty day moving average price of GBX 9,966.10 and a 200 day moving average price of £148.60. The firm has a market cap of £13.31 billion, a PE ratio of -59.81, a price-to-earnings-growth ratio of 1.76 and a beta of 1.18.

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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