Flutter Entertainment (LON:FLTR – Get 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
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:
- Positive Sentiment: Needham and Stifel Nicolaus both backed Flutter Entertainment with Buy ratings, suggesting analysts still see upside in the shares. Flutter Entertainment PLC (FLTR) Gets a Buy from Needham Flutter Entertainment PLC (FLTR) Gets a Buy from Stifel Nicolaus
- Positive Sentiment: Insider Carolan Lennon bought 520 shares, a move that can be read as management confidence in the company’s outlook. Flutter Entertainment stock insider purchase
- Neutral Sentiment: Berenberg reaffirmed its Buy rating, but JPMorgan lowered its target price and Kepler Capital issued a Hold, leaving analyst sentiment mixed overall. Broker views on Flutter Entertainment
- Neutral Sentiment: Jim Cramer’s comparison of Flutter Entertainment to DraftKings raised visibility, but it did not include a direct company-specific catalyst. Jim Cramer Compares Flutter Entertainment (FLUT) To DraftKings
- Negative Sentiment: Citi warned that Flutter’s U.S. profit targets may be too ambitious, raising concern that earnings expectations could be harder to deliver. Flutter’s US profit targets may be too good to be true, warns Citi
- Negative Sentiment: Kepler Capital’s new Hold rating suggests limited near-term upside, adding to caution around the recent weakness. Flutter Entertainment PLC (FLTR) Receives a Hold from Kepler Capital
- Negative Sentiment: Recent insider selling and attention to new 52-week lows have reinforced investor caution toward FLTR. Peter Jackson Sells 3,084 Shares of Flutter Entertainment (LON:FLTR) Stock Flutter Entertainment Hits New 52-Week Low Following Insider Selling
Flutter Entertainment Company Profile
Flutter Entertainment is the world’s largest online sports betting and gaming operator with a portfolio of globally recognised brands.
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