Flutter Entertainment plc (LON:FLTR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Flutter Entertainment plc (LON:FLTR) has received a consensus rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is £197.72 ($258.56).

Several brokerages have weighed in on FLTR. Jefferies Financial Group reiterated a “buy” rating and issued a £220 ($287.69) target price on shares of Flutter Entertainment in a report on Tuesday, May 28th. Shore Capital reiterated a “hold” rating on shares of Flutter Entertainment in a report on Wednesday, August 14th. JPMorgan Chase & Co. lowered their target price on Flutter Entertainment from £213 ($278.54) to £207 ($270.69) and set an “overweight” rating for the company in a report on Wednesday, June 12th. Finally, Berenberg Bank upped their target price on Flutter Entertainment from £186 ($243.23) to £188 ($245.85) and gave the stock a “buy” rating in a report on Friday, August 23rd.

Flutter Entertainment Price Performance

FLTR opened at £168.40 ($220.22) on Friday. The business has a fifty day moving average of £156.50 and a 200 day moving average of £156.44. Flutter Entertainment has a 52-week low of £120.20 ($157.19) and a 52-week high of £179.80 ($235.12). The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 64.90. The stock has a market cap of £29.93 billion, a P/E ratio of -2,980.53, a PEG ratio of 1.76 and a beta of 1.23.

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.