Flutter Entertainment (LON:FLTR) Given New £160 Price Target at Berenberg Bank

Flutter Entertainment (LON:FLTR – Get Rating) had its price target lifted by Berenberg Bank from £138 ($168.19) to £160 ($195.00) in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 13.15% from the stock’s current price.

FLTR has been the topic of several other reports. Jefferies Financial Group set a £180 ($219.38) target price on Flutter Entertainment in a research note on Monday. Deutsche Bank Aktiengesellschaft set a £161.16 ($196.42) target price on Flutter Entertainment in a research note on Friday, March 3rd. JPMorgan Chase & Co. set a £151 ($184.03) target price on Flutter Entertainment in a research note on Friday, March 3rd. The Goldman Sachs Group set a £134 ($163.32) price target on Flutter Entertainment in a research note on Thursday, March 2nd. Finally, UBS Group set a £140 ($170.63) price target on Flutter Entertainment in a research note on Thursday, March 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Flutter Entertainment currently has an average rating of “Hold” and an average target price of £142.27 ($173.39).

Flutter Entertainment Stock Up 3.0 %

Shares of FLTR stock opened at £141.40 ($172.33) on Monday. Flutter Entertainment has a 1-year low of GBX 7,340 ($89.46) and a 1-year high of £142.65 ($173.86). The stock’s fifty day moving average price is £130 and its 200 day moving average price is £117.41. The company has a debt-to-equity ratio of 58.95, a current ratio of 0.87 and a quick ratio of 0.70. The company has a market cap of £24.91 billion, a price-to-earnings ratio of -8,220.93, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83.

Insider Activity

In other Flutter Entertainment news, insider Holly Keller Koeppel purchased 1,000 shares of Flutter Entertainment stock in a transaction that occurred on Tuesday, March 7th. The stock was bought at an average price of £142.27 ($173.39) per share, with a total value of £142,270 ($173,394.27). Insiders own 3.03% of the company’s stock.

Flutter Entertainment Company Profile

(Get Rating)

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.