Brokerages Set Flutter Entertainment plc (LON:FLTR) Target Price at £192.47

Flutter Entertainment plc (LON:FLTR) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is £192.47 ($241.74).

Several research analysts have weighed in on FLTR shares. Berenberg Bank upped their price objective on shares of Flutter Entertainment from £170 ($213.51) to £186 ($233.61) and gave the company a “buy” rating in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Flutter Entertainment from £171.54 ($215.45) to £175.89 ($220.91) and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a £213 ($267.52) target price on shares of Flutter Entertainment in a research report on Wednesday.

Insider Activity

In related news, insider Peter Jackson sold 21,688 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of £157.85 ($198.25), for a total transaction of £3,423,450.80 ($4,299,737.25). Insiders own 0.08% of the company’s stock.

Flutter Entertainment Stock Down 2.3 %

Shares of Flutter Entertainment stock opened at £162.15 ($203.65) on Friday. Flutter Entertainment has a 1 year low of £120.20 ($150.97) and a 1 year high of £179.80 ($225.82). The company has a market cap of £28.79 billion, a P/E ratio of -2,942.83, a P/E/G ratio of 1.76 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 66.26. The stock has a 50-day moving average price of £158.87 and a 200 day moving average price of £149.95.

Flutter Entertainment Company Profile

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.