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

Shares of Flutter Entertainment plc (LON:FLTR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is £192.47 ($237.74).

FLTR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Flutter Entertainment from £171.54 ($211.88) to £175.89 ($217.26) and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. restated an “overweight” rating and set a £213 ($263.09) target price on shares of Flutter Entertainment in a report on Thursday, April 18th. Finally, Berenberg Bank increased their target price on Flutter Entertainment from £170 ($209.98) to £186 ($229.74) and gave the company a “buy” rating in a report on Friday, February 16th.

Flutter Entertainment Price Performance

FLTR opened at £151.60 ($187.25) on Wednesday. The stock has a 50-day moving average price of £163.07 and a 200-day moving average price of £146.77. Flutter Entertainment has a 12-month low of £120.20 ($148.47) and a 12-month high of £179.80 ($222.08). The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 66.26. The stock has a market capitalization of £26.85 billion, a P/E ratio of -2,769.72, a PEG ratio of 1.76 and a beta of 0.88.

Insiders Place Their Bets

In related news, insider Peter Jackson sold 21,688 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of £157.85 ($194.97), for a total transaction of £3,423,450.80 ($4,228,570.65). Company 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.