Flutter Entertainment (LON:FLTR) Hits New 12-Month High – Still a Buy?

Flutter Entertainment plc (LON:FLTR)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as £212.10 ($269.16) and last traded at £210.40 ($267.01), with a volume of 96101 shares changing hands. The stock had previously closed at £210 ($266.50).

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FLTR. Berenberg Bank upped their target price on Flutter Entertainment from £188 ($238.58) to £203 ($257.61) 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of £201.47 ($255.68).

Flutter Entertainment Stock Performance

The company has a 50-day moving average of £180.72 and a 200-day moving average of £163.40. The company has a market cap of £37.02 billion, a PE ratio of -3,710.76, a PEG ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 64.90.

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.