Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Flutter Entertainment (LON:FLTR) Stock Price

Key Points

• Deutsche Bank cut its target on Flutter from £202 to £190 but kept a buy rating, with the new target implying about a 41.98% upside from the previous close.
• Analyst consensus remains positive — four Buys and one Hold — giving Flutter a “Moderate Buy” consensus and an average price target of £224.60.
• Shares opened at £133.83 (52-week range: £133.05–£237) and the company has a market cap of about £23.45 billion, meaning the stock is trading well below analyst targets.

Flutter Entertainment (LON:FLTR - Get Free Report) had its target price cut by stock analysts at Deutsche Bank Aktiengesellschaft from £202 to £190 in a research report issued on Friday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 41.98% from the company's previous close.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Flutter Entertainment from £271 to £253 and set an "overweight" rating for the company in a report on Tuesday, December 2nd. Berenberg Bank increased their price target on Flutter Entertainment from £181 to £213 and gave the company a "buy" rating in a research note on Monday. Citigroup reduced their price objective on Flutter Entertainment from £254 to £244 and set a "buy" rating on the stock in a research note on Friday, November 28th. Finally, Peel Hunt reaffirmed a "hold" rating and set a £223 price objective on shares of Flutter Entertainment in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of "Moderate Buy" and a consensus price target of £224.60.

Flutter Entertainment Price Performance

Shares of LON:FLTR opened at £133.83 on Friday. The firm has a market cap of £23.45 billion, a price-to-earnings ratio of -105.38, a P/E/G ratio of 1.76 and a beta of 1.24. The firm has a fifty day moving average price of £155.84 and a 200 day moving average price of £187.61. Flutter Entertainment has a fifty-two week low of £133.05 and a fifty-two week high of £237. The company has a debt-to-equity ratio of 73.74, a quick ratio of 0.70 and a current ratio of 0.90.

Flutter Entertainment Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.