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 Thursday . The stock traded as high as £209.60 ($264.15) and last traded at £205.60 ($259.11), with a volume of 211331 shares trading hands. The stock had previously closed at £192.70 ($242.85).

Wall Street Analysts Forecast Growth

FLTR has been the subject of a number of research reports. Berenberg Bank lifted their price objective on Flutter Entertainment from £188 ($236.93) to £203 ($255.83) and gave the stock a “buy” rating in a research report on Thursday, October 24th. Shore Capital restated a “hold” rating on shares of Flutter Entertainment in a report on Tuesday, September 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of £201.47 ($253.90).

Flutter Entertainment Stock Down 1.5 %

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 company has a market capitalization of £36.92 billion, a price-to-earnings ratio of -3,670.19, a PEG ratio of 1.76 and a beta of 1.24. The firm has a 50-day moving average price of £178.02 and a two-hundred day moving average price of £162.03.

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.