Flutter Entertainment plc (LON:FLTR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Flutter Entertainment plc (LON:FLTR) have been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is £192.47 ($237.74).

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Flutter Entertainment from £171.54 ($211.88) to £175.89 ($217.26) and gave the stock a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. reissued an “overweight” rating and set a £213 ($263.09) target price on shares of Flutter Entertainment in a report on Thursday, April 18th. Finally, Berenberg Bank increased their target price on Flutter Entertainment from £170 ($209.98) to £186 ($229.74) and gave the stock a “buy” rating in a report on Friday, February 16th.

Insider Activity at Flutter Entertainment

In related news, insider Peter Jackson sold 21,688 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of £157.85 ($194.97), for a total value of £3,423,450.80 ($4,228,570.65). 0.05% of the stock is currently owned by insiders.

Flutter Entertainment Stock Up 0.4 %

FLTR stock opened at £151.60 ($187.25) on Wednesday. The company has a debt-to-equity ratio of 66.26, a current ratio of 0.88 and a quick ratio of 0.70. The stock has a market capitalization of £26.85 billion, a price-to-earnings ratio of -2,769.72, a PEG ratio of 1.76 and a beta of 0.88. The business’s fifty day moving average price is £163.07 and its two-hundred day moving average price is £146.77. Flutter Entertainment has a fifty-two week low of £120.20 ($148.47) and a fifty-two week high of £179.80 ($222.08).

About Flutter Entertainment

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.