Flutter Entertainment (DI) (FLTR)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

15,970.00p
   
  • Change Today:
    295.00p
  • 52 Week High: 17,475.00
  • 52 Week Low: 12,155.00
  • Currency: UK Pounds
  • Shares Issued: 177.13m
  • Volume: 305,088
  • Market Cap: £28,287m
  • RiskGrade: 135

Citi says 'buy' Entain and Flutter, spies possible bid for the former

By Alexander Bueso

Date: Thursday 09 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Citi told clients to 'buy' shares of Entain and Flutter Entertainment after revising higher their estimate of the Total Adressable Market opportunity in the US for both and on expectations for greater regulatory clarity.

They also believed that the recent sell-off in the shares provided an "attractive" entry point for shares of both.

The US TAM was now pegged at $45bn, up from $39bn previously, due to higher iGaming per capita spend, which led them to bump up their target price for Entain from £27 to £28 and for Flutter from £145 to £152.

Furthermore, the UK Gambling Act review should act as a meaningful positive catalyst, they said.

That was so even if online slot takes were cut to £2, they added, as investors would gain "much needed certainty".

And in the case of Entain, they were not counting out a second bid from rival MGM, albeit at a smaller premium than in May.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

FLTR Market Data

Currency UK Pounds
Share Price 15,970.00p
Change Today 295.00p
% Change 1.88 %
52 Week High 17,475.00
52 Week Low 12,155.00
Volume 305,088
Shares Issued 177.13m
Market Cap £28,287m
RiskGrade 135

FLTR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.04% below the market average92.04% below the market average92.04% below the market average92.04% below the market average92.04% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
84.91% above the market average84.91% above the market average84.91% above the market average84.91% above the market average84.91% above the market average
67.86% above the sector average67.86% above the sector average67.86% above the sector average67.86% above the sector average67.86% above the sector average
Income
64.14% below the market average64.14% below the market average64.14% below the market average64.14% below the market average64.14% below the market average
68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average
Growth
68.37% above the market average68.37% above the market average68.37% above the market average68.37% above the market average68.37% above the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average

What The Brokers Say

Strong Buy 11
Buy 14
Neutral 2
Sell 0
Strong Sell 0
Total 27
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FLTR Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 11-Apr-19
Paid 09-Oct-19 21-May-19
Amount 67.00p 133.00p

Trades for 28-Mar-2024

Time Volume / Share Price
14:50 6 @ 15,970.00p
14:50 30 @ 15,970.00p
14:50 6 @ 15,970.00p
14:50 6 @ 15,970.00p
14:50 6 @ 15,970.00p

FLTR Key Personnel

CEO Peter Jackson

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