Flutter Entertainment (LON:FLTR) Hits New 52-Week High – Should You Buy?

Flutter Entertainment plc (LON:FLTR)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as £224.20 ($279.06) and last traded at £224.20 ($279.06), with a volume of 1634672 shares changing hands. The stock had previously closed at £218.20 ($271.60).

Analysts Set New Price Targets

Separately, Berenberg Bank increased their target price on Flutter Entertainment from £188 ($234.01) to £203 ($252.68) and gave the stock a “buy” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of £201.47 ($250.77).

Flutter Entertainment Stock Performance

The stock’s 50 day simple moving average is £212.52 and its two-hundred day simple moving average is £188.37. The stock has a market cap of £39.90 billion, a P/E ratio of -3,957.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company has a debt-to-equity ratio of 64.90, a current ratio of 0.90 and a quick ratio of 0.70.

Insider Activity

In other Flutter Entertainment news, insider Rob Coldrake sold 155 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of £218.36 ($271.79), for a total transaction of £33,845.80 ($42,128.21). 0.08% of the stock is currently owned by insiders.

Flutter Entertainment Company Profile

Flutter Entertainment is the world’s largest online sports betting and gaming operator with a portfolio of globally recognised brands.