Flutter Entertainment’s (FLTR) Buy Rating Reiterated at Berenberg Bank

Flutter Entertainment (LON:FLTRGet Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a research note issued on Thursday,Digital Look reports. They presently have a £129 target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 84.60% from the stock’s current price.

A number of other equities analysts also recently issued reports on FLTR. Deutsche Bank Aktiengesellschaft cut their target price on Flutter Entertainment from £202 to £190 and set a “buy” rating for the company in a research note on Friday, January 23rd. Citigroup downgraded Flutter Entertainment to a “sell” rating and decreased their price target for the company from £158 to GBX 6,800 in a research note on Thursday, April 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a £160 price objective on shares of Flutter Entertainment in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of £147.50.

Read Our Latest Research Report on FLTR

Flutter Entertainment Price Performance

Shares of LON:FLTR opened at GBX 6,988 on Thursday. Flutter Entertainment has a 52 week low of GBX 6,722 and a 52 week high of £236.10. The company has a 50-day moving average price of GBX 7,903.78 and a 200 day moving average price of £121. The company has a market cap of £12.16 billion, a P/E ratio of -39.93, a PEG ratio of 1.76 and a beta of 1.15. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 142.42.

Insiders Place Their Bets

In other Flutter Entertainment news, insider Peter Jackson sold 3,084 shares of the company’s 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. 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.

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Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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