Jefferies Financial Group Reaffirms Buy Rating for Flutter Entertainment (LON:FLTR)

Flutter Entertainment (LON:FLTRGet Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued on Monday,Digital Look reports. They presently have a £160 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 102.12% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut shares of Flutter Entertainment to an “overweight” rating and cut their price objective for the stock from £127 to £115 in a report on Thursday, May 14th. Berenberg Bank reiterated a “buy” rating and set a £129 target price on shares of Flutter Entertainment in a report on Thursday, May 14th. Finally, Citigroup raised Flutter Entertainment to a “sell” rating and boosted their price target for the stock from £680 to £700 in a research report on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of £252.83.

Read Our Latest Analysis on FLTR

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at GBX 7,916 on Monday. The stock’s 50 day simple moving average is GBX 7,585.85 and its two-hundred day simple moving average is GBX 9,826.10. 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 stock has a market cap of £13.73 billion, a price-to-earnings ratio of -37.70, a PEG ratio of 1.76 and a beta of 1.09. Flutter Entertainment has a fifty-two week low of GBX 6,722 and a fifty-two week high of £236.10.

Insider Activity

In related news, insider Peter Jackson sold 3,084 shares of the business’s stock in a transaction that occurred on 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 purchased 520 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of GBX 6,814 per share, with a total value of £35,432.80. Company insiders own 3.03% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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