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

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

Several analysts have commented on FLTR shares. JPMorgan Chase & Co. downgraded 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. Berenberg Bank reaffirmed a “buy” rating and issued a £129 price objective on shares of Flutter Entertainment in a report on Thursday, May 14th. Jefferies Financial Group reiterated a “buy” rating and set a £160 target price on shares of Flutter Entertainment in a research report on Monday, June 8th. Finally, Citigroup downgraded Flutter Entertainment to a “sell” rating and lowered their target price for the company from £158 to GBX 6,800 in a research report on Thursday, April 16th.

Insider Transactions at Flutter Entertainment

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

Flutter Entertainment Stock Performance

Shares of FLTR opened at GBX 7,257.18 on Friday. The business’s fifty day simple moving average is GBX 7,621.39 and its two-hundred day simple moving average is £101.86. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 142.42. Flutter Entertainment has a 12 month low of GBX 6,722 and a 12 month high of £236.10. The company has a market cap of £12.58 billion, a price-to-earnings ratio of -34.56, a P/E/G ratio of 1.76 and a beta of 1.11.

About Flutter Entertainment

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