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Flutter Entertainment (LON:FLTR) Reaches New 1-Year High - Still a Buy?

Flutter Entertainment logo with Consumer Cyclical background

Flutter Entertainment plc (LON:FLTR - Get Free Report) shares reached a new 52-week high during mid-day 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 changing hands. The stock had previously closed at £182.95 ($238.15).

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Shore Capital reaffirmed a "hold" rating on shares of Flutter Entertainment in a research report on Tuesday, September 17th. Berenberg Bank lifted their price objective on Flutter Entertainment from £188 ($244.73) to £203 ($264.25) and gave the company a "buy" rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of £201.47 ($262.27).

Check Out Our Latest Research Report on FLTR

Flutter Entertainment Stock 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 has a 50-day moving average price of £174.93 and a two-hundred day moving average price of £160.62. The firm has a market cap of £34.01 billion, a PE ratio of -3,373.02, a P/E/G ratio of 1.76 and a beta of 1.24.

Flutter Entertainment Company Profile

(Get Free Report)

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.

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Should you invest $1,000 in Flutter Entertainment right now?

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