Flutter Entertainment plc (LON:FLTR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Flutter Entertainment plc (LON:FLTR) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is £147.50.

Several equities research analysts recently issued reports on FLTR shares. Citigroup lowered shares of Flutter Entertainment to a “sell” rating and decreased their price target for the company from £158 to GBX 6,800 in a report on Thursday, April 16th. Berenberg Bank reaffirmed a “buy” rating and set a £129 price target on shares of Flutter Entertainment in a report on Thursday, May 14th. JPMorgan Chase & Co. lowered shares of Flutter Entertainment to an “overweight” rating and decreased their price target for the company from £127 to £115 in a report on Thursday, May 14th. Finally, Jefferies Financial Group reissued a “buy” rating and set a £160 price objective on shares of Flutter Entertainment in a report on Thursday, May 7th.

Insider Buying and Selling at Flutter Entertainment

In related 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 transaction of £222,356.40. Also, insider Carolan Lennon acquired 520 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of GBX 6,814 per share, for a total transaction of £35,432.80. Company insiders own 3.03% of the company’s stock.

Flutter Entertainment Trading Up 0.3%

Shares of Flutter Entertainment stock opened at GBX 7,543.69 on Monday. The firm has a market capitalization of £13.08 billion, a PE ratio of -35.92, a price-to-earnings-growth ratio of 1.76 and a beta of 1.15. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 142.42. The firm’s 50 day moving average is GBX 7,586.69 and its 200 day moving average is £109.18. Flutter Entertainment has a 1 year low of GBX 6,722 and a 1 year high of £236.10.

About Flutter Entertainment

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