Flutter Entertainment (LON:FLTR) Price Target Raised to £175.89

Flutter Entertainment (LON:FLTR) had its price objective raised by Deutsche Bank Aktiengesellschaft from £171.54 ($213.54) to £175.89 ($218.96) in a research report report published on Tuesday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on FLTR. Jefferies Financial Group reiterated a buy rating and issued a £195 ($242.75) price target on shares of Flutter Entertainment in a report on Monday, December 18th. Berenberg Bank boosted their target price on shares of Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the stock a buy rating in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. restated an overweight rating and issued a £213 ($265.16) price target on shares of Flutter Entertainment in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of Moderate Buy and an average target price of £192.47 ($239.60).

Flutter Entertainment Stock Performance

FLTR stock opened at £147.65 ($183.80) on Tuesday. Flutter Entertainment has a 1-year low of £120.20 ($149.63) and a 1-year high of £179.80 ($223.83). The business has a 50-day moving average price of £164.15 and a 200 day moving average price of £146.22. The company has a market capitalization of £26.15 billion, a P/E ratio of -2,709.17, a PEG ratio of 1.76 and a beta of 0.88. The company has a debt-to-equity ratio of 66.26, a current ratio of 0.88 and a quick ratio of 0.70.

Insider Transactions at Flutter Entertainment

In other news, insider Peter Jackson sold 21,688 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of £157.85 ($196.50), for a total transaction of £3,423,450.80 ($4,261,733.85). 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.