Flutter Entertainment plc (LON:FLTR) Receives Consensus Rating of “Moderate Buy” from Analysts

Flutter Entertainment plc (LON:FLTR) has received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is £198 ($246.48).

A number of analysts have weighed in on FLTR shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Flutter Entertainment from £171.54 ($213.54) to £175.89 ($218.96) and gave the company a “buy” rating in a research note on Tuesday. Berenberg Bank lifted their price target on shares of Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a £213 ($265.16) price target on shares of Flutter Entertainment in a research note on Thursday, April 4th.

Flutter Entertainment Trading Down 1.5 %

Shares of LON:FLTR traded down GBX 225 ($2.80) on Wednesday, hitting £147.75 ($183.93). The company had a trading volume of 2,071,644 shares, compared to its average volume of 625,799. The firm’s 50-day simple moving average is £164.88 and its two-hundred day simple moving average is £146.20. Flutter Entertainment has a 1 year low of £120.20 ($149.63) and a 1 year high of £179.80 ($223.83). The company has a quick ratio of 0.70, a current ratio of 0.88 and a debt-to-equity ratio of 66.26. The firm has a market capitalization of £26.17 billion, a price-to-earnings ratio of -2,727.52, a P/E/G ratio of 1.76 and a beta of 0.88.

Insider Activity

In other news, insider Peter Jackson sold 21,688 shares of Flutter Entertainment stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of £157.85 ($196.50), for a total value of £3,423,450.80 ($4,261,733.85). Corporate 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.