Flutter Entertainment (LON:FLTR) Shares Up 1.5% - Here's What Happened

Flutter Entertainment plc (LON:FLTR - Get Free Report) shot up 1.5% during trading on Monday . The company traded as high as £169.70 ($222.03) and last traded at £161.36 ($211.13). 16,785,658 shares were traded during trading, an increase of 2,847% from the average session volume of 569,511 shares. The stock had previously closed at £158.93 ($207.94).

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and issued a £247 ($323.17) price target on shares of Flutter Entertainment in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of £212.47 ($278.00).

Flutter Entertainment Stock Down 0.7 %

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 company has a 50 day simple moving average of £195 and a two-hundred day simple moving average of £198.59. The firm has a market capitalization of £39.38 billion, a P/E ratio of -62.02, a P/E/G ratio of 1.76 and a beta of 1.24.

Insider Activity at Flutter Entertainment

In other news, insider Rob Coldrake sold 166 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of £198.30 ($259.45), for a total transaction of £32,917.80 ($43,069.21). 0.08% of the stock is currently owned by corporate insiders.

About Flutter Entertainment

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