Analysts Set Flutter Entertainment plc (LON:FLTR) Target Price at £198

Shares of Flutter Entertainment plc (LON:FLTR) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is £192.47 ($239.60).

FLTR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Flutter Entertainment from £171.54 ($213.54) to £175.89 ($218.96) and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. restated an “overweight” rating and set a £213 ($265.16) price target on shares of Flutter Entertainment in a report on Thursday. Finally, Berenberg Bank raised their price objective on shares of Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the stock a “buy” rating in a research report on Friday, February 16th.

Flutter Entertainment Stock Up 0.5 %

Shares of LON FLTR opened at £148.40 ($184.74) on Wednesday. The company has a 50 day simple moving average of £163.73 and a 200 day simple moving average of £146.33. The firm has a market cap of £26.29 billion, a PE ratio of -2,722.94, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88. Flutter Entertainment has a 1 year low of £120.20 ($149.63) and a 1 year high of £179.80 ($223.83). The company has a debt-to-equity ratio of 66.26, a current ratio of 0.88 and a quick ratio of 0.70.

Insiders Place Their Bets

In other Flutter Entertainment news, insider Peter Jackson sold 21,688 shares of Flutter Entertainment stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of £157.85 ($196.50), for a total transaction of £3,423,450.80 ($4,261,733.85). Insiders own 0.05% of the company’s stock.

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.