Flutter Entertainment (LON:FLTR) Sets New 52-Week High – Time to Buy?

Flutter Entertainment plc (LON:FLTR) reached 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. The stock had previously closed at £182.95 ($238.15).

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FLTR. Shore Capital restated a “hold” rating on shares of Flutter Entertainment in a research note on Tuesday, September 17th. Berenberg Bank raised their target price on Flutter Entertainment from £188 ($244.73) to £203 ($264.25) and gave the stock a “buy” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of £201.47 ($262.27).

Flutter Entertainment Price Performance

The stock has a market capitalization of £34.01 billion, a PE ratio of -3,226.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The business’s 50-day moving average price is £173.86 and its 200 day moving average price is £160.15. The company has a debt-to-equity ratio of 64.90, a quick ratio of 0.70 and a current ratio of 0.90.

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.