Flutter Entertainment (LON:FLTR) Shares Down 2.6% - Time to Sell?

Key Points

• Flutter Entertainment's shares dropped by 2.6% to £211.90, with trading volume significantly down 73% from the average daily volume.
• Analysts remain positive about the stock, with three giving it a Buy rating and new price targets set between £247 and £275, leading to a consensus rating of "Moderate Buy."
• The company has a market capitalization of £37.26 billion and is regarded as the world's largest online sports betting and gaming operator.

Flutter Entertainment plc (LON:FLTR - Get Free Report)'s share price was down 2.6% on Monday . The company traded as low as £211.30 ($286.24) and last traded at £211.90 ($287.05). Approximately 53,743 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 197,850 shares. The stock had previously closed at £217.60 ($294.77).

Analysts Set New Price Targets

A number of analysts recently weighed in on FLTR shares. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Flutter Entertainment in a report on Friday, August 8th. Citigroup boosted their price objective on shares of Flutter Entertainment from £252 to £275 and gave the company a "buy" rating in a research report on Thursday, August 14th. Finally, Berenberg Bank reiterated a "buy" rating and issued a £247 price target on shares of Flutter Entertainment in a research note on Friday, August 15th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Flutter Entertainment has a consensus rating of "Moderate Buy" and an average price target of £264.33.

Flutter Entertainment Stock Performance

The firm has a market cap of £37.26 billion, a price-to-earnings ratio of 10,336.59, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The stock's 50 day moving average is £218.91 and its 200 day moving average is £197.11. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74.

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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