Flutter Entertainment (LON:FLTR) Stock Price Up 0.7% - Time to Buy?

Key Points

• Flutter Entertainment's stock price increased by 0.7% to £188.85 during trading, with a significant drop in trading volume by 64% compared to the average.
• Analysts have mixed reactions, with price targets ranging from £242 to £275 and a consensus rating of "Buy" with a target price of £262.67.
• The company has a market capitalization of £33.22 billion and a debt-to-equity ratio of 73.74, indicating substantial debt compared to equity.

Shares of Flutter Entertainment plc (LON:FLTR - Get Free Report) were up 0.7% during trading on Wednesday . The stock traded as high as £189.85 ($253.64) and last traded at £188.85 ($252.30). Approximately 73,521 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 202,172 shares. The stock had previously closed at £187.50 ($250.50).

Analyst Ratings Changes

A number of research analysts have commented on FLTR shares. JPMorgan Chase & Co. decreased their price target on Flutter Entertainment from £273 to £271 and set an "overweight" rating on the stock in a research note on Wednesday, October 15th. Citigroup boosted their price objective on Flutter Entertainment from £252 to £275 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, Berenberg Bank dropped their target price on Flutter Entertainment from £247 to £242 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Flutter Entertainment currently has a consensus rating of "Buy" and a consensus target price of £262.67.

Flutter Entertainment Price Performance

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 has a market cap of £33.22 billion, a PE ratio of 92.12, a P/E/G ratio of 1.76 and a beta of 1.24. The business has a fifty day moving average of £205.11 and a 200 day moving average of £198.75.

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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