Citigroup Upgrades Flutter Entertainment (LON:FLTR) to “Sell”

Flutter Entertainment (LON:FLTR) was upgraded by stock analysts at Citigroup to a “sell” rating in a report released on Monday,London Stock Exchange reports. The firm currently has a £700 price objective on the stock, up from their prior price objective of £680.

A number of other analysts have also weighed in on the company. JPMorgan Chase & Co. lowered Flutter Entertainment to an “overweight” rating and lowered their target price for the company from £127 to £115 in a research note on Thursday, May 14th. Berenberg Bank reiterated a “buy” rating and set a £129 price target on shares of Flutter Entertainment in a research 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 Monday, June 8th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and a consensus target price of £252.83.

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at GBX 7,940 on Monday. 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 firm has a market cap of £13.77 billion, a P/E ratio of -37.81, a P/E/G ratio of 1.76 and a beta of 1.10. The business’s fifty day moving average is GBX 7,608.87 and its two-hundred day moving average is £101.25. Flutter Entertainment has a 52 week low of GBX 6,722 and a 52 week high of £236.10.

Insiders Place Their Bets

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

Flutter Entertainment Company Profile

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