Flutter Entertainment’s (FLTR) “Hold” Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Flutter Entertainment (LON:FLTR) in a report issued on Monday, Stock Target Advisor reports.

A number of other brokerages have also issued reports on FLTR. Peel Hunt reiterated a hold rating and set a GBX 8,500 ($111.81) price target on shares of Flutter Entertainment in a research report on Thursday, November 7th. UBS Group lowered Flutter Entertainment to a sell rating and boosted their price target for the stock from GBX 6,950 ($91.42) to GBX 7,250 ($95.37) in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price target on Flutter Entertainment from GBX 8,600 ($113.13) to GBX 8,300 ($109.18) and set a neutral rating for the company in a research report on Friday, November 8th. Royal Bank of Canada initiated coverage on Flutter Entertainment in a research report on Monday, October 28th. They set an outperform rating and a GBX 9,000 ($118.39) price target for the company. Finally, Berenberg Bank boosted their price target on Flutter Entertainment from GBX 6,500 ($85.50) to GBX 8,500 ($111.81) and gave the stock a hold rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of GBX 8,206.25 ($107.95).

Shares of FLTR stock opened at GBX 8,950 ($117.73) on Monday. The company has a debt-to-equity ratio of 14.31, a quick ratio of 0.23 and a current ratio of 0.63. Flutter Entertainment has a 1 year low of GBX 5,542 ($72.90) and a 1 year high of GBX 9,532 ($125.39). The stock has a fifty day moving average of GBX 9,091.32 and a two-hundred day moving average of GBX 7,837.32. The firm has a market capitalization of $7.01 billion and a PE ratio of 37.91.

In other news, insider Zillah Byng-Thorne sold 930 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of GBX 6,598 ($86.79), for a total value of £61,361.40 ($80,717.44).

About Flutter Entertainment

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 Online, Australia, Retail, and US segments. It offers exchange sports betting products; fixed odds games betting; online games and casino; peer-to-peer games, including online bingo and poker; and business-to-business services.

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Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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