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

Flutter Entertainment plc (LON:FLTR) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is £197.72 ($261.19).

Several brokerages have commented on FLTR. Shore Capital restated a “hold” rating on shares of Flutter Entertainment in a report on Tuesday. Jefferies Financial Group restated a “buy” rating and issued a £220 ($290.62) price objective on shares of Flutter Entertainment in a report on Tuesday, May 28th. JPMorgan Chase & Co. reduced their target price on Flutter Entertainment from £213 ($281.37) to £207 ($273.45) and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Finally, Berenberg Bank raised their target price on Flutter Entertainment from £186 ($245.71) to £188 ($248.35) and gave the company a “buy” rating in a research note on Friday, August 23rd.

Flutter Entertainment Price Performance

Shares of Flutter Entertainment stock opened at £171.50 ($226.55) on Friday. The company has a market cap of £30.49 billion, a PE ratio of -3,040.78, a P/E/G ratio of 1.76 and a beta of 1.23. The business has a 50 day moving average of £158.13 and a 200 day moving average of £156.55. Flutter Entertainment has a 52 week low of £120.20 ($158.78) and a 52 week high of £179.80 ($237.52). The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 64.90.

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.