Flutter Entertainment plc (OTCMKTS:PDYPY) Receives Consensus Rating of "Buy" from Brokerages
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OTCMKTS:PDYPY - Get Rating) have been assigned an average rating of "Buy" from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13,955.00.
Several research firms have issued reports on PDYPY. Morgan Stanley reduced their price objective on Flutter Entertainment from £161 ($197.52) to £156 ($191.39) in a report on Friday, June 24th. JPMorgan Chase & Co. lowered their target price on Flutter Entertainment from £159.90 ($196.17) to £126 ($154.58) in a report on Thursday, June 9th. Berenberg Bank lowered their target price on Flutter Entertainment from £155 ($190.16) to £138 ($169.30) in a report on Thursday, March 17th. JMP Securities began coverage on Flutter Entertainment in a report on Tuesday. They issued an "outperform" rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Flutter Entertainment from £134.50 ($165.01) to £138.20 ($169.55) in a research report on Tuesday, June 21st.
PDYPY opened at $51.40 on Wednesday. Flutter Entertainment has a 12-month low of $48.36 and a 12-month high of $108.90. The stock's 50-day moving average price is $54.14 and its 200 day moving average price is $63.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 0.95.
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About Flutter Entertainment (Get Rating)
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 four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.
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