Flutter Entertainment plc (LON:FLTR) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Moderate Buy consensus from six brokerages (4 buys, 1 hold, 1 sell) with an average 12‑month price target of £184.50.
• Analysts are divided on FLTR — Berenberg lifted its target to £213 and upgraded to buy, Deutsche Bank trimmed its target to £190 (still buy), while Citigroup downgraded to a sell.
• Shares were trading down about 7%; the stock has a market cap ~£12.5bn, a negative P/E (-40.9) and a high debt‑to‑equity ratio (142.4), signalling leverage and profitability concerns.

Shares of Flutter Entertainment plc (LON:FLTR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is £184.50.

A number of analysts have commented on FLTR shares. Berenberg Bank upped their price target on shares of Flutter Entertainment from £181 to £213 and gave the company a "buy" rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on Flutter Entertainment from £202 to £190 and set a "buy" rating for the company in a research report on Friday, January 23rd. Citigroup lowered Flutter Entertainment to a "sell" rating and cut their target price for the company from £158 to GBX 6,800 in a research report on Thursday, April 16th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a £160 target price on shares of Flutter Entertainment in a research note on Thursday.

Flutter Entertainment Trading Down 7.0%

LON:FLTR opened at GBX 7,162 on Thursday. The firm's fifty day moving average is GBX 8,011.21 and its 200-day moving average is £125.04. The company has a debt-to-equity ratio of 142.42, a quick ratio of 0.70 and a current ratio of 0.95. Flutter Entertainment has a 52 week low of GBX 7,065.41 and a 52 week high of £236.10. The firm has a market cap of £12.49 billion, a P/E ratio of -40.93, a P/E/G ratio of 1.76 and a beta of 1.15.

Flutter Entertainment Company Profile

Flutter Entertainment is the world's largest online sports betting and gaming operator with a portfolio of globally recognised brands.

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