Jefferies Financial Group Reiterates "Buy" Rating for Flutter Entertainment (LON:FLTR)

Key Points

• Jefferies Financial Group reiterated a Buy rating on Flutter with a £160 target, implying about a 123.9% upside from the prior close.
• Analyst consensus is a Moderate Buy with an average price target of £184.50; four analysts rate Buy, one rates Hold and one rates Sell.
• Flutter has a market capitalization of £12.46 billion, a negative P/E (-40.84) and a high debt-to-equity ratio (142.42), highlighting profitability and leverage risks despite its market position.

Flutter Entertainment (LON:FLTR - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued on Thursday,London Stock Exchange reports. They currently have a £160 target price on the stock. Jefferies Financial Group's target price would indicate a potential upside of 123.90% from the company's previous close.

Other equities research analysts have also issued research reports about the company. Berenberg Bank boosted their price target on Flutter Entertainment from £181 to £213 and gave the stock a "buy" rating in a research note on Monday, January 19th. Deutsche Bank Aktiengesellschaft decreased their target price on Flutter Entertainment from £202 to £190 and set a "buy" rating for the company in a report on Friday, January 23rd. Finally, Citigroup downgraded Flutter Entertainment to a "sell" rating and decreased their target price for the stock from £158 to GBX 6,800 in a report on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Flutter Entertainment presently has an average rating of "Moderate Buy" and an average price target of £184.50.

Flutter Entertainment Price Performance

Shares of FLTR stock opened at GBX 7,146.13 on Thursday. Flutter Entertainment has a fifty-two week low of GBX 7,065.41 and a fifty-two week high of £236.10. The firm has a market capitalization of £12.46 billion, a price-to-earnings ratio of -40.84, a PEG ratio of 1.76 and a beta of 1.15. The company has a debt-to-equity ratio of 142.42, a quick ratio of 0.70 and a current ratio of 0.95. The stock's 50-day simple moving average is GBX 8,011.21 and its 200-day simple moving average is £125.04.

About Flutter Entertainment

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

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