Flutter Entertainment’s (FLTR) Buy Rating Reiterated at Jefferies Financial Group

Flutter Entertainment (LON:FLTR)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research note issued to investors on Monday,London Stock Exchange reports. They presently have a £160 target price on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 111.10% from the company’s previous close.

Several other equities research analysts have also weighed in on FLTR. Berenberg Bank restated a “buy” rating and set a £129 price target on shares of Flutter Entertainment in a research report on Thursday, May 14th. JPMorgan Chase & Co. downgraded Flutter Entertainment to an “overweight” rating and dropped their target price for the stock from £127 to £115 in a report on Thursday, May 14th. Finally, Citigroup downgraded Flutter Entertainment to a “sell” rating and dropped their target price for the stock from £158 to GBX 6,800 in a report on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of £147.50.

Flutter Entertainment Price Performance

Shares of FLTR stock opened at GBX 7,579.41 on Monday. The firm has a market cap of £13.14 billion, a P/E ratio of -36.09, a P/E/G ratio of 1.76 and a beta of 1.15. Flutter Entertainment has a fifty-two week low of GBX 6,722 and a fifty-two week high of £236.10. The business’s 50 day moving average price is GBX 7,586.69 and its 200-day moving average price is £109.18. The company has a debt-to-equity ratio of 142.42, a quick ratio of 0.70 and a current ratio of 0.95.

Insider Transactions at Flutter Entertainment

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

Flutter Entertainment Company Profile

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