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

Flutter Entertainment plc (LON:FLTRGet Free Report) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is £147.50.

A number of research firms have commented on FLTR. JPMorgan Chase & Co. downgraded shares of Flutter Entertainment to an “overweight” rating and dropped their price target for the stock from £127 to £115 in a research report on Thursday, May 14th. Citigroup upgraded shares of Flutter Entertainment to a “sell” rating in a report on Monday, June 29th. Jefferies Financial Group reiterated a “buy” rating and set a £160 price objective on shares of Flutter Entertainment in a research note on Monday, July 6th. 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.

View Our Latest Stock Report on Flutter Entertainment

Insiders Place Their Bets

In other news, insider Carolan Lennon purchased 520 shares of the stock in a transaction dated Tuesday, May 12th. The shares were bought at an average cost of GBX 6,814 per share, for a total transaction of £35,432.80. Also, insider Peter Jackson sold 3,084 shares of the business’s 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.

Flutter Entertainment Stock Performance

FLTR stock opened at GBX 7,900 on Tuesday. The company has a market capitalization of £13.70 billion, a P/E ratio of -37.62, a PEG ratio of 1.76 and a beta of 1.09. The company has a 50-day simple moving average of GBX 7,645.85 and a 200 day simple moving average of GBX 9,191.34. Flutter Entertainment has a fifty-two week low of GBX 6,722 and a fifty-two week high of £236.10. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 142.42.

About Flutter Entertainment

(Get Free Report)

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

See Also

Analyst Recommendations for Flutter Entertainment (LON:FLTR)

Receive News & Ratings for Flutter Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flutter Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.