Shore Capital Reiterates “Hold” Rating for Flutter Entertainment (LON:FLTR)

Shore Capital reiterated their hold rating on shares of Flutter Entertainment (LON:FLTR) in a report issued on Tuesday morning, MarketBeat reports.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Flutter Entertainment from £213 ($281.37) to £207 ($273.45) and set an overweight rating for the company in a research note on Wednesday, June 12th. Jefferies Financial Group reissued a buy rating and set a £220 ($290.62) target price on shares of Flutter Entertainment in a research note on Tuesday, May 28th. Finally, Berenberg Bank upped their price target on shares of Flutter Entertainment from £186 ($245.71) to £188 ($248.35) and gave the stock a buy rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of Moderate Buy and an average target price of £197.72 ($261.19).

Flutter Entertainment Stock Performance

Shares of FLTR stock opened at £171.50 ($226.55) on Tuesday. Flutter Entertainment has a 12-month low of £120.20 ($158.78) and a 12-month high of £179.80 ($237.52). The company has a debt-to-equity ratio of 64.90, a current ratio of 0.90 and a quick ratio of 0.70. The firm has a market capitalization of £30.49 billion, a price-to-earnings ratio of -3,040.78, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. The business has a 50 day simple moving average of £158.13 and a 200 day simple moving average of £156.55.

Flutter Entertainment Company Profile

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.