Flutter Entertainment (LON:FLTR) Hits New 1-Year High – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

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 company has a market capitalization of £39.90 billion, a price-to-earnings ratio of -3,957.67, a P/E/G ratio of 1.76 and a beta of 1.24. The stock has a 50 day simple moving average of £212.52 and a 200 day simple moving average of £188.37.

Insiders Place Their Bets

In other news, insider Rob Coldrake sold 155 shares of the business’s 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 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.