HSBC upgraded shares of Flutter Entertainment (LON:FLTR) to a hold rating in a research report report published on Monday, Stock Target Advisor reports. HSBC currently has GBX 6,800 ($89.45) price target on the stock, down from their previous price target of GBX 8,100 ($106.55).
FLTR has been the topic of a number of other research reports. Deutsche Bank lowered their target price on Flutter Entertainment from GBX 8,900 ($117.07) to GBX 8,500 ($111.81) and set a hold rating on the stock in a research note on Friday, February 28th. UBS Group reiterated a sell rating on shares of Flutter Entertainment in a research note on Friday, February 21st. Royal Bank of Canada reiterated a top pick rating on shares of Flutter Entertainment in a research note on Wednesday, March 11th. Jefferies Financial Group increased their target price on Flutter Entertainment from GBX 9,500 ($124.97) to £135 ($177.58) and gave the stock a buy rating in a research note on Wednesday, February 26th. Finally, Shore Capital reiterated a sell rating on shares of Flutter Entertainment in a research note on Monday, March 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Flutter Entertainment presently has an average rating of Hold and a consensus price target of GBX 8,609 ($113.25).
Shares of LON FLTR opened at GBX 6,962 ($91.58) on Monday. The firm has a market cap of $5.81 billion and a P/E ratio of 38.21. The company has a current ratio of 0.41, a quick ratio of 0.14 and a debt-to-equity ratio of 12.92. Flutter Entertainment has a 1-year low of GBX 5,534 ($72.80) and a 1-year high of GBX 9,532 ($125.39). The business’s 50 day moving average is GBX 7,959.08 and its 200-day moving average is GBX 8,274.47.
The business also recently disclosed a dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 9th will be paid a dividend of GBX 133 ($1.75) per share. This represents a yield of 1.55%. The ex-dividend date of this dividend is Thursday, April 9th. This is a positive change from Flutter Entertainment’s previous dividend of $67.00. Flutter Entertainment’s dividend payout ratio (DPR) is 1.10%.
Flutter Entertainment Company Profile
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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