Analysts Set Flutter Entertainment plc (LON:FLTR) Target Price at £147.50

Shares of Flutter Entertainment plc (LON:FLTR) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, 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 12-month price objective among brokerages that have issued a report on the stock in the last year is £252.83.

FLTR has been the topic of several recent research reports. Berenberg Bank restated a “buy” rating and issued a £129 price target on shares of Flutter Entertainment in a research report on Thursday, May 14th. Jefferies Financial Group reiterated a “buy” rating and set a £160 price objective on shares of Flutter Entertainment in a research report on Monday, June 8th. JPMorgan Chase & Co. lowered Flutter Entertainment to an “overweight” rating and reduced their price objective for the stock from £127 to £115 in a research note on Thursday, May 14th. Finally, Citigroup upgraded Flutter Entertainment to a “sell” rating and lifted their target price for the stock from £680 to £700 in a report on Monday.

Insiders Place Their Bets

In related news, insider Carolan Lennon purchased 520 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price 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 dated Monday, May 11th. The stock was sold at an average price of GBX 7,210, for a total value of £222,356.40. Company insiders own 3.03% of the company’s stock.

Flutter Entertainment Stock Up 1.3%

FLTR stock opened at GBX 7,902 on Friday. Flutter Entertainment has a 12 month low of GBX 6,722 and a 12 month high of £236.10. The firm has a market cap of £13.70 billion, a PE ratio of -37.63, a P/E/G ratio of 1.76 and a beta of 1.10. The firm has a 50 day simple moving average of GBX 7,590.95 and a 200 day simple moving average of GBX 9,886.62. The company has a debt-to-equity ratio of 142.42, a current ratio of 0.95 and a quick ratio of 0.70.

About Flutter Entertainment

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