Citigroup Has Lowered Expectations for Flutter Entertainment (LON:FLTR) Stock Price

Flutter Entertainment (LON:FLTR) had its target price reduced by stock analysts at Citigroup from £254 to £244 in a report released on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 54.97% from the company’s previous close.

A number of other brokerages also recently commented on FLTR. Deutsche Bank Aktiengesellschaft decreased their target price on Flutter Entertainment from £237.53 to £202 and set a “buy” rating for the company in a research note on Thursday, November 13th. Peel Hunt restated a “hold” rating and set a £223 price objective on shares of Flutter Entertainment in a research report on Thursday, November 13th. Berenberg Bank lowered their price objective on Flutter Entertainment from £247 to £242 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Flutter Entertainment in a research note on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of £224.20.

Flutter Entertainment Trading Up 1.8%

Flutter Entertainment stock opened at £157.45 on Friday. Flutter Entertainment has a 1 year low of £141.55 and a 1 year high of £237. The firm’s 50-day moving average is £177.44 and its 200-day moving average is £196.97. The company has a debt-to-equity ratio of 73.74, a quick ratio of 0.70 and a current ratio of 0.90. The company has a market cap of £27.60 billion, a P/E ratio of 76.80, a PEG ratio of 1.76 and a beta of 1.24.

Flutter Entertainment Company Profile

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