Flutter Entertainment (LON:FLTR) Trading 2% Higher

Flutter Entertainment plc (LON:FLTR – Get Rating)’s stock price was up 2% during trading on Thursday . The company traded as high as £159.75 ($198.69) and last traded at £159.15 ($197.95). Approximately 232,825 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 491,222 shares. The stock had previously closed at £156 ($194.03).

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FLTR shares. UBS Group set a £140 ($174.13) target price on shares of Flutter Entertainment in a research report on Thursday, March 2nd. The Goldman Sachs Group set a £134 ($166.67) price target on shares of Flutter Entertainment in a research note on Thursday, March 2nd. Shore Capital reissued a “hold” rating on shares of Flutter Entertainment in a research note on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft set a £161.16 ($200.45) price target on shares of Flutter Entertainment in a research note on Friday, March 3rd. Finally, Berenberg Bank boosted their price target on shares of Flutter Entertainment from £138 ($171.64) to £160 ($199.00) and gave the stock a “buy” rating in a research note on Monday, March 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Hold” and a consensus price target of £142.27 ($176.95).

Flutter Entertainment Price Performance

The company’s fifty day moving average is £152.67 and its 200 day moving average is £134.08. The firm has a market cap of £28.08 billion, a price-to-earnings ratio of -9,361.76, a PEG ratio of 1.76 and a beta of 0.83. The company has a quick ratio of 0.70, a current ratio of 0.87 and a debt-to-equity ratio of 58.95.

Insider Buying and Selling

In other news, insider Holly Keller Koeppel purchased 1,000 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was purchased at an average price of £142.27 ($176.95) per share, for a total transaction of £142,270 ($176,952.74). In related news, insider Holly Keller Koeppel acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were bought at an average cost of £142.27 ($176.95) per share, with a total value of £142,270 ($176,952.74). Also, insider John Bryant purchased 5,070 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were acquired at an average cost of £156.07 ($194.12) per share, for a total transaction of £791,274.90 ($984,172.76). 3.02% of the stock is currently owned by corporate insiders.

About Flutter Entertainment

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Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.