Flutter Entertainment (LON:FLTR) Price Target Increased to £175.89 by Analysts at Deutsche Bank Aktiengesellschaft

Flutter Entertainment (LON:FLTR) had its price target hoisted by Deutsche Bank Aktiengesellschaft from £171.54 ($213.54) to £175.89 ($218.96) in a report released on Tuesday morning, Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other brokerages have also weighed in on FLTR. Berenberg Bank raised their price objective on Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the company a buy rating in a research note on Friday, February 16th. JPMorgan Chase & Co. reissued an overweight rating and issued a £213 ($265.16) price target on shares of Flutter Entertainment in a report on Thursday, April 4th. Finally, Jefferies Financial Group reissued a buy rating and issued a £195 ($242.75) price target on shares of Flutter Entertainment in a report on Monday, December 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of £192.47 ($239.60).

Flutter Entertainment Price Performance

FLTR stock opened at £148.80 ($185.24) on Tuesday. The company has a debt-to-equity ratio of 66.26, a quick ratio of 0.70 and a current ratio of 0.88. Flutter Entertainment has a 1 year low of £120.20 ($149.63) and a 1 year high of £179.80 ($223.83). The firm has a market cap of £26.36 billion, a P/E ratio of -2,733.94, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88. The stock has a 50-day simple moving average of £164.88 and a 200-day simple moving average of £146.20.

Insiders Place Their Bets

In related news, insider Peter Jackson sold 21,688 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of £157.85 ($196.50), for a total transaction of £3,423,450.80 ($4,261,733.85). Insiders own 0.05% of the company’s stock.

Flutter Entertainment Company Profile

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.