Flutter Entertainment (LON:FLTR) Earns “Buy” Rating from Berenberg Bank

Flutter Entertainment (LON:FLTR)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a note issued to investors on Friday,Digital Look reports. They presently have a £247 ($319.95) target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 37.53% from the stock’s current price.

Flutter Entertainment Stock Performance

Shares of FLTR stock opened at £179.60 ($232.64) on Friday. The company has a 50 day moving average price of £211.45 and a 200-day moving average price of £197.02. Flutter Entertainment has a 52 week low of £122.50 ($158.68) and a 52 week high of £237 ($306.99). The firm has a market capitalization of £40.65 billion, a PE ratio of -64.02, a P/E/G ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 73.74.

Insider Activity at Flutter Entertainment

In other news, insider Rob Coldrake sold 166 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of £198.30 ($256.87), for a total value of £32,917.80 ($42,639.64). 0.08% of the stock is currently owned by company insiders.

Flutter Entertainment Company Profile

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