Flutter Entertainment (LON:FLTR) Receives Buy Rating from Berenberg Bank

Flutter Entertainment (LON:FLTRGet Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research report issued on Thursday,Digital Look reports. They presently have a £129 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 84.60% from the company’s previous close.

Several other research firms have also commented on FLTR. Citigroup lowered Flutter Entertainment to a “sell” rating and cut their price target for the stock from £158 to GBX 6,800 in a research report on Thursday, April 16th. Jefferies Financial Group restated a “buy” rating and set a £160 target price on shares of Flutter Entertainment in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a report on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of £147.50.

Get Our Latest Research Report on FLTR

Flutter Entertainment Stock Up 0.1%

Flutter Entertainment stock opened at GBX 6,988 on Thursday. The company has a market capitalization of £12.16 billion, a P/E ratio of -39.93, a PEG 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. Flutter Entertainment has a fifty-two week low of GBX 6,722 and a fifty-two week high of £236.10. The stock has a 50-day simple moving average of GBX 7,903.78 and a 200-day simple moving average of £121.

Insider Activity

In other news, insider Peter Jackson sold 3,084 shares of the company’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. Insiders own 3.03% of the company’s stock.

Flutter Entertainment Company Profile

(Get Free Report)

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

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Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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