Flutter Entertainment (LON:FLTR) Trading 10.4% Higher

Flutter Entertainment plc (LON:FLTR)’s stock price traded up 10.4% during mid-day trading on Wednesday . The company traded as high as £165.85 ($211.76) and last traded at £161.80 ($206.59). 11,694,356 shares traded hands during trading, an increase of 1,552% from the average session volume of 707,772 shares. The stock had previously closed at £146.55 ($187.12).

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FLTR shares. Deutsche Bank Aktiengesellschaft boosted their price target on Flutter Entertainment from £171.54 ($219.02) to £175.89 ($224.58) and gave the company a “buy” rating in a research note on Tuesday, April 16th. Jefferies Financial Group reiterated a “buy” rating and issued a £220 ($280.90) price target on shares of Flutter Entertainment in a research note on Tuesday, May 28th. Finally, JPMorgan Chase & Co. cut their price target on Flutter Entertainment from £213 ($271.96) to £207 ($264.30) and set an “overweight” rating for the company in a research note on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of £197.22 ($251.82).

Flutter Entertainment Stock Up 8.6 %

The company has a quick ratio of 0.70, a current ratio of 0.84 and a debt-to-equity ratio of 67.18. The firm has a market cap of £28.28 billion, a P/E ratio of -2,518.04, a PEG ratio of 1.76 and a beta of 1.24. The stock’s 50-day simple moving average is £149.56 and its 200 day simple moving average is £156.97.

Flutter Entertainment Company Profile

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.