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

Flutter Entertainment plc (LON:FLTR) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is £192.47 ($239.60).

Several equities analysts have commented on FLTR shares. Deutsche Bank Aktiengesellschaft raised their price objective on Flutter Entertainment from £171.54 ($213.54) to £175.89 ($218.96) and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a £213 ($265.16) price target on shares of Flutter Entertainment in a research report on Thursday. Finally, Berenberg Bank lifted their price target on 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.

Insider Buying and Selling

In related news, insider Peter Jackson sold 21,688 shares of Flutter Entertainment stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of £157.85 ($196.50), for a total value of £3,423,450.80 ($4,261,733.85). 0.05% of the stock is owned by corporate insiders.

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at £148.40 ($184.74) on Wednesday. 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 firm has a market capitalization of £26.29 billion, a P/E ratio of -2,722.94, a P/E/G ratio of 1.76 and a beta of 0.88. The business has a fifty day simple moving average of £163.73 and a two-hundred day simple moving average of £146.33. Flutter Entertainment has a 12 month low of £120.20 ($149.63) and a 12 month high of £179.80 ($223.83).

About Flutter Entertainment

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.