Flutter Entertainment (LON:FLTR) Stock Price Down 1.9% – Should You Sell?

Flutter Entertainment plc (LON:FLTR) dropped 1.9% during mid-day trading on Monday . The company traded as low as £208.10 ($259.09) and last traded at £210.20 ($261.70). Approximately 2,449,266 shares traded hands during trading, an increase of 311% from the average daily volume of 595,775 shares. The stock had previously closed at £214.30 ($266.81).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target on shares of Flutter Entertainment from £188 ($234.06) to £203 ($252.74) and gave the company a “buy” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Flutter Entertainment has an average rating of “Moderate Buy” and a consensus target price of £201.47 ($250.84).

Flutter Entertainment Stock Up 0.3 %

The firm has a 50-day simple moving average of £212.87 and a 200 day simple moving average of £184.28. The stock has a market capitalization of £38.16 billion, a P/E ratio of -3,784.83, a P/E/G 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 at Flutter Entertainment

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 ($271.86), for a total value of £33,845.80 ($42,138.70). 0.08% of the stock is owned by company 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.