Flutter Entertainment (LON:FLTR) Hits New 12-Month High – Here’s What Happened

Flutter Entertainment plc (LON:FLTR) hit a new 52-week high during trading on Friday . The company traded as high as £190.80 ($248.37) and last traded at £190.70 ($248.24), with a volume of 668228 shares trading hands. The stock had previously closed at £182.95 ($238.15).

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FLTR shares. Berenberg Bank boosted their price objective on shares of Flutter Entertainment from £188 ($244.73) to £203 ($264.25) and gave the stock a “buy” rating in a report on Thursday, October 24th. Shore Capital reissued a “hold” rating on shares of Flutter Entertainment in a research note on Tuesday, September 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of £201.47 ($262.27).

Flutter Entertainment Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 64.90. The firm’s fifty day moving average price is £173.86 and its 200-day moving average price is £160.15. The stock has a market cap of £34.01 billion, a P/E ratio of -3,226.63, a PEG ratio of 1.76 and a beta of 1.24.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.