Flutter Entertainment’s (FLTR) “Buy” Rating Reiterated at Jefferies Financial Group

Flutter Entertainment (LON:FLTR)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a report released on Monday,London Stock Exchange reports. They currently have a £160 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 111.10% from the company’s current price.

FLTR has been the topic of several other reports. Berenberg Bank reiterated a “buy” rating and issued a £129 price target on shares of Flutter Entertainment in a report on Thursday, May 14th. Citigroup downgraded Flutter Entertainment to a “sell” rating and reduced their price target for the stock from £158 to GBX 6,800 in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. downgraded Flutter Entertainment to an “overweight” rating and reduced their price target for the stock from £127 to £115 in a report on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of £147.50.

Flutter Entertainment Stock Performance

LON FLTR opened at GBX 7,579.41 on Monday. The company has a market cap of £13.14 billion, a P/E ratio of -36.09, a P/E/G ratio of 1.76 and a beta of 1.15. The company has a debt-to-equity ratio of 142.42, a quick ratio of 0.70 and a current ratio of 0.95. The business’s 50 day moving average price is GBX 7,586.69 and its 200-day moving average price is £109.18. Flutter Entertainment has a fifty-two week low of GBX 6,722 and a fifty-two week high of £236.10.

Insider Buying and Selling at Flutter Entertainment

In other news, insider Peter Jackson sold 3,084 shares of the firm’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. Also, insider Carolan Lennon acquired 520 shares of the stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average cost of GBX 6,814 per share, with a total value of £35,432.80. Insiders own 3.03% of the company’s stock.

About Flutter Entertainment

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