Flutter Entertainment (LON:FLTR) Rating Increased to Sell at Citigroup

Flutter Entertainment (LON:FLTRGet Free Report) was upgraded by research analysts at Citigroup to a “sell” rating in a research note issued to investors on Monday,London Stock Exchange reports. The firm presently has a £700 price target on the stock, up from their prior price target of £680.

FLTR has been the subject of a number of other research reports. Berenberg Bank reaffirmed a “buy” rating and set a £129 target price on shares of Flutter Entertainment in a report on Thursday, May 14th. JPMorgan Chase & Co. downgraded Flutter Entertainment to an “overweight” rating and cut their price target for the company from £127 to £115 in a research note on Thursday, May 14th. Finally, Jefferies Financial Group restated a “buy” rating and issued a £160 price target on shares of Flutter Entertainment in a research report on Monday, June 8th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flutter Entertainment presently has a consensus rating of “Moderate Buy” and an average target price of £252.83.

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Flutter Entertainment Trading Up 9.7%

FLTR opened at GBX 7,940 on Monday. The firm has a 50 day simple moving average of GBX 7,608.87 and a 200 day simple moving average of £101.25. Flutter Entertainment has a fifty-two week low of GBX 6,722 and a fifty-two week high of £236.10. The company has a market cap of £13.77 billion, a price-to-earnings ratio of -37.81, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. The company has a debt-to-equity ratio of 142.42, a current ratio of 0.95 and a quick ratio of 0.70.

Insider Buying and Selling at Flutter Entertainment

In related news, insider Carolan Lennon acquired 520 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of GBX 6,814 per share, with a total value of £35,432.80. Also, insider Peter Jackson sold 3,084 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of GBX 7,210, for a total transaction of £222,356.40. 3.03% of the stock is owned by corporate insiders.

Flutter Entertainment Company Profile

(Get Free Report)

Flutter Entertainment is the world’s largest online sports betting and gaming operator with a portfolio of globally recognised brands.

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Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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