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

Flutter Entertainment plc (LON:FLTR) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is £147.50.

FLTR has been the topic of several research analyst reports. Jefferies Financial Group reissued a “buy” rating and set a £160 target price on shares of Flutter Entertainment in a research note on Thursday, May 7th. JPMorgan Chase & Co. cut shares of Flutter Entertainment to an “overweight” rating and lowered their target price for the company from £127 to £115 in a research note on Thursday, May 14th. Citigroup cut shares of Flutter Entertainment to a “sell” rating and lowered their target price for the company from £158 to GBX 6,800 in a research note on Thursday, April 16th. Finally, Berenberg Bank reissued a “buy” rating and set a £129 target price on shares of Flutter Entertainment in a report on Thursday, May 14th.

Insider Activity at Flutter Entertainment

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

Flutter Entertainment Price Performance

Shares of LON FLTR opened at GBX 7,210 on Monday. Flutter Entertainment has a fifty-two week low of GBX 6,722 and a fifty-two week high of £236.10. The firm’s 50-day simple moving average is GBX 7,641.96 and its 200 day simple moving average is £112.24. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 142.42. The stock has a market cap of £12.54 billion, a P/E ratio of -41.20, a P/E/G ratio of 1.76 and a beta of 1.15.

Flutter Entertainment Company Profile

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