Flutter Entertainment (LON:FLTR - Free Report) had its target price raised by Deutsche Bank Aktiengesellschaft from £171.54 ($213.54) to £175.89 ($218.96) in a research note issued to investors on Tuesday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. JPMorgan Chase & Co. reissued an overweight rating and issued a £213 ($265.16) price objective on shares of Flutter Entertainment in a research report on Thursday, April 4th. Jefferies Financial Group reissued a buy rating and issued a £195 ($242.75) price objective on shares of Flutter Entertainment in a research report on Monday, December 18th. Finally, Berenberg Bank raised their price objective on Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the company a buy rating in a research report on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of £192.47 ($239.60).
Read Our Latest Research Report on FLTR
Flutter Entertainment Trading Down 1.6 %
Flutter Entertainment stock traded down GBX 240 ($2.99) during midday trading on Tuesday, reaching £147.60 ($183.74). The stock had a trading volume of 218,050 shares, compared to its average volume of 603,487. Flutter Entertainment has a twelve month low of £120.20 ($149.63) and a twelve month high of £179.80 ($223.83). The stock has a market capitalization 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. 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 stock's 50-day simple moving average is £164.88 and its 200 day simple moving average is £146.20.
Insider Transactions at Flutter Entertainment
In related news, insider Peter Jackson sold 21,688 shares of the business's 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). Corporate insiders own 0.05% of the company's stock.
Flutter Entertainment Company Profile
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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.
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