Flutter Entertainment (LON:FLTR) Stock Price Up 1% - Time to Buy?

Flutter Entertainment plc (LON:FLTR - Get Free Report)'s stock price rose 1% during trading on Tuesday . The stock traded as high as £177.35 ($235.34) and last traded at £176.40 ($234.08). Approximately 70,973 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 307,771 shares. The stock had previously closed at £174.60 ($231.69).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and set a £247 ($327.76) price objective on shares of Flutter Entertainment in a research report on Friday, March 14th.

Flutter Entertainment Stock Up 1.6 %

The company has a market capitalization of £42.16 billion, a P/E ratio of -66.39, a PEG ratio of 1.76 and a beta of 1.24. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74. The stock has a 50 day moving average price of £181.23 and a 200 day moving average price of £198.20.

Insider Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, insider Rob Coldrake sold 166 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of £198.30 ($263.14), for a total transaction of £32,917.80 ($43,680.73). Corporate insiders own 0.08% of the company's stock.

Flutter Entertainment Company Profile

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