Analysts Set Flutter Entertainment plc (LON:FLTR) Price Target at £198

Shares of Flutter Entertainment plc (LON:FLTR) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is £192.47 ($239.60).

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a £213 ($265.16) price target on shares of Flutter Entertainment in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Flutter Entertainment from £171.54 ($213.54) to £175.89 ($218.96) and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Berenberg Bank upped their target price on shares of Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the stock a “buy” rating in a research report on Friday, February 16th.

Flutter Entertainment Stock Performance

FLTR opened at £148.40 ($184.74) on Wednesday. The firm has a market cap of £26.29 billion, a P/E ratio of -2,722.94, a PEG ratio of 1.76 and a beta of 0.88. Flutter Entertainment has a 1-year low of £120.20 ($149.63) and a 1-year high of £179.80 ($223.83). The company has a 50 day simple moving average of £163.73 and a two-hundred day simple moving average of £146.53. The company has a debt-to-equity ratio of 66.26, a current ratio of 0.88 and a quick ratio of 0.70.

Insider Activity

In other news, insider Peter Jackson sold 21,688 shares of the stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of £157.85 ($196.50), for a total value of £3,423,450.80 ($4,261,733.85). Insiders own 0.05% of the company’s stock.

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.