Flutter Entertainment (LON:FLTR) Price Target Raised to £175.89 at Deutsche Bank Aktiengesellschaft

Flutter Entertainment (LON:FLTR) had its price target lifted by stock analysts at Deutsche Bank Aktiengesellschaft from £171.54 ($213.54) to £175.89 ($218.96) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 19.17% from the stock’s previous close.

Several other research firms have also weighed in on FLTR. Berenberg Bank increased their target price on shares of Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the stock a “buy” rating in a report on Friday, February 16th. JPMorgan Chase & Co. restated an “overweight” rating and set a £213 ($265.16) price objective on shares of Flutter Entertainment in a report on Thursday, April 4th. Finally, Jefferies Financial Group restated a “buy” rating and set a £195 ($242.75) price objective on shares of Flutter Entertainment in a report on Monday, December 18th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of £192.47 ($239.60).

Flutter Entertainment Trading Down 1.6 %

FLTR opened at £147.60 ($183.74) on Tuesday. The firm’s fifty day moving average is £164.54 and its two-hundred day moving average is £146.21. The company has a debt-to-equity ratio of 66.26, a quick ratio of 0.70 and a current ratio of 0.88. The firm has a market cap of £26.14 billion, a PE ratio of -2,708.26, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88. Flutter Entertainment has a twelve month low of £120.20 ($149.63) and a twelve month high of £179.80 ($223.83).

Insider Buying and Selling

In related news, insider Peter Jackson sold 21,688 shares of the firm’s 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). 0.05% of the stock is currently owned by company insiders.

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.