Flutter Entertainment (LON:FLTR) Shares Down 2.3% – Should You Sell?

Shares of Flutter Entertainment plc (LON:FLTR) were down 2.3% during trading on Friday . The company traded as low as £203.10 ($252.30) and last traded at £204.10 ($253.54). Approximately 45,480 shares traded hands during trading, a decline of 2% from the average daily volume of 46,283 shares. The stock had previously closed at £209 ($259.63).

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FLTR shares. Shore Capital reissued a “hold” rating on shares of Flutter Entertainment in a research report on Tuesday, September 17th. Berenberg Bank increased their target price on Flutter Entertainment from £188 ($233.54) to £203 ($252.17) and gave the company a “buy” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of £201.47 ($250.28).

Flutter Entertainment Stock Performance

The firm has a market capitalization of £36.29 billion, a price-to-earnings ratio of -3,599.65, a PEG ratio of 1.76 and a beta of 1.24. The company has a debt-to-equity ratio of 64.90, a current ratio of 0.90 and a quick ratio of 0.70. The firm’s fifty day moving average is £204.66 and its 200 day moving average is £176.62.

Insider Activity

In related news, insider Rob Coldrake sold 155 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of £218.36 ($271.25), for a total value of £33,845.80 ($42,044.47). 0.08% of the stock is currently owned by corporate insiders.

Flutter Entertainment Company Profile

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