Flutter Entertainment plc (LON:FLTR) receives an average “Buy” rating from brokerages

Flutter Entertainment plc (LON: FLTR – Get a rating) earned an average “Buy” rating from the thirteen brokerages that currently cover the company, reports MarketBeat Ratings. One investment analyst gave the stock a sell rating, one gave the company a hold rating and five gave the company a buy rating. The average 1-year target price among analysts who have updated their coverage of the stock in the past year is £150.31 ($197.88).

A number of equity research analysts have weighed in on the stock recently. Shore Capital reaffirmed a “hold” rating on shares of Flutter Entertainment in a Tuesday, March 1 research report. Citigroup upgraded shares of Flutter Entertainment to a “buy” rating in a research report on Tuesday, January 11. Royal Bank of Canada set a target price of £158 ($208.00) on shares of Flutter Entertainment in a research report on Tuesday, January 18. UBS Group set a target price of £150 ($197.47) on shares of Flutter Entertainment in a research report on Tuesday, March 22. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Flutter Entertainment shares from £156.74 ($206.35) to £134.50 ($177.07) and set a “buy” rating for the company in a Wednesday, March 2 research report.

Shares of Flutter Entertainment opened Monday at 8,748 GBX ($115.17). The company has a market capitalization of £15.37 billion and a PE ratio of -37.19. The company’s 50-day simple moving average is £100.83 and its 200-day simple moving average is £118.12. The company has a debt ratio of 37.82, a quick ratio of 0.52 and a current ratio of 0.95. Flutter Entertainment has a 1-year minimum of 7,600 GBX ($100.05) and a 1-year maximum of £165.25 ($217.55).

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Flutter Entertainment Company Profile (Get a rating)

Flutter Entertainment plc operates as a sports betting and gaming company in the UK, Ireland, Australia, USA and internationally. The Company operates through the PPB, PokerStars, Sky Betting & Gaming, Australia and United States segments. It offers sports betting and sports betting exchange products, daily fantasy sports products and pari-mutuel products; fixed odds game betting products; online games and casinos; peer-to-peer games, including online bingo and poker; and business-to-business services.

Further reading

Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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