Flutter Entertainment (LON:FLTR) Earns Buy Rating from Berenberg Bank

Flutter Entertainment (LON:FLTRGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a report issued on Thursday,Digital Look reports. They currently have a £129 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 86.58% from the company’s current price.

Several other research firms have also issued reports on FLTR. Jefferies Financial Group reissued a “buy” rating and set a £160 target price on shares of Flutter Entertainment in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating for the company in a research report on Friday, January 23rd. Finally, Citigroup lowered Flutter Entertainment to a “sell” rating and decreased their price target for the company from £158 to GBX 6,800 in a research note on Thursday, April 16th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of £147.50.

Check Out Our Latest Stock Analysis on FLTR

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at GBX 6,914 on Thursday. The company’s 50-day moving average is GBX 7,849.78 and its two-hundred day moving average is £119.80. The company has a market cap of £12.03 billion, a PE ratio of -39.51, a PEG ratio of 1.76 and a beta of 1.15. Flutter Entertainment has a 1 year low of GBX 6,722 and a 1 year high of £236.10. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 142.42.

Insider Transactions at Flutter Entertainment

In other news, insider Carolan Lennon purchased 520 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of GBX 6,814 per share, with a total value of £35,432.80. Also, insider Peter Jackson sold 3,084 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of GBX 7,210, for a total value of £222,356.40. Company insiders own 3.03% of the company’s stock.

Key Stories Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

Flutter Entertainment Company Profile

(Get Free Report)

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

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Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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