Jefferies Financial Group Reaffirms Buy Rating for Flutter Entertainment (LON:FLTR)

Flutter Entertainment (LON:FLTRGet Free Report)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a research note issued on Monday,Digital Look reports. They currently have a £160 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 102.12% from the company’s current price.

Several other research analysts have also commented on FLTR. JPMorgan Chase & Co. lowered shares of Flutter Entertainment to an “overweight” rating and dropped their price objective for the stock from £127 to £115 in a research note on Thursday, May 14th. Berenberg Bank reissued a “buy” rating and issued a £129 target price on shares of Flutter Entertainment in a research note on Thursday, May 14th. Finally, Citigroup raised shares of Flutter Entertainment to a “sell” rating and increased their target price for the company from £680 to £700 in a research note on Monday, June 29th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of £252.83.

Check Out Our Latest Research Report on FLTR

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at GBX 7,916 on Monday. The company has a market cap of £13.73 billion, a price-to-earnings ratio of -37.70, a PEG ratio of 1.76 and a beta of 1.09. The firm’s fifty day moving average is GBX 7,585.85 and its 200 day moving average is GBX 9,826.10. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 142.42. Flutter Entertainment has a 52-week low of GBX 6,722 and a 52-week high of £236.10.

Insider Activity at Flutter Entertainment

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

Flutter Entertainment Company Profile

(Get Free Report)

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

Further Reading

Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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