Flutter Entertainment plc (LON:FLTR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Flutter Entertainment plc (LON:FLTR) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is £147.50.

A number of research firms have issued reports on FLTR. Citigroup cut Flutter Entertainment to a “sell” rating and cut their target price for the company from £158 to GBX 6,800 in a research note on Thursday, April 16th. Berenberg Bank reiterated a “buy” rating and issued a £129 target price on shares of Flutter Entertainment in a research note on Thursday, May 14th. JPMorgan Chase & Co. cut Flutter Entertainment to an “overweight” rating and cut their target price for the company from £127 to £115 in a research note on Thursday, May 14th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a £160 target price on shares of Flutter Entertainment in a research note on Thursday, May 7th.

Flutter Entertainment Stock Performance

Shares of LON FLTR opened at GBX 7,210 on Monday. 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 firm’s 50-day moving average price is GBX 7,641.96 and its two-hundred day moving average price is £112.24. Flutter Entertainment has a 52-week low of GBX 6,722 and a 52-week high of £236.10. The stock has a market capitalization 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.

Insider Buying and Selling

In other Flutter Entertainment news, insider Carolan Lennon purchased 520 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were bought 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 Flutter Entertainment stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of GBX 7,210, for a total value of £222,356.40. 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.