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Flutter Entertainment's (FLTR) Buy Rating Reiterated at Berenberg Bank

Flutter Entertainment logo with Consumer Cyclical background
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Flutter Entertainment (LON:FLTR - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Berenberg Bank in a research report issued on Friday, Marketbeat Ratings reports. They presently have a £247 ($320.82) price objective on the stock. Berenberg Bank's price objective suggests a potential upside of 35.31% from the stock's previous close.

Flutter Entertainment Price Performance

LON FLTR traded up GBX 95 ($1.23) during trading hours on Friday, reaching £182.55 ($237.11). 11,883,506 shares of the stock traded hands, compared to its average volume of 441,269. The stock has a 50 day simple moving average of £210.49 and a two-hundred day simple moving average of £197.61. Flutter Entertainment has a 1 year low of £122.50 ($159.11) and a 1 year high of £237 ($307.83). The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70. The company has a market cap of £41.32 billion, a price-to-earnings ratio of -65.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

Insider Buying and Selling at Flutter Entertainment

In related news, insider Rob Coldrake sold 166 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of £198.30 ($257.57), for a total value of £32,917.80 ($42,755.94). Insiders own 0.08% of the company's stock.

About Flutter Entertainment

(Get Free Report)

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

Further Reading

Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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