Flutter Entertainment (LON:FLTR) Given New £242 Price Target at Berenberg Bank

Key Points

• Berenberg Bank has lowered its price target for Flutter Entertainment from £247 to £242, maintaining a "buy" rating, indicating a potential upside of 30.81% from the current stock price.
• Citigroup has raised its price objective for Flutter from £252 to £275, also giving it a "buy" rating, while the consensus rating among analysts remains "buy" with an average price target of £262.67.
• Flutter Entertainment's stock recently traded at £185, with a market capitalization of £32.54 billion, and it has experienced a 1-year range between £147.45 and £237.

Flutter Entertainment (LON:FLTR - Get Free Report) had its target price dropped by Berenberg Bank from £247 to £242 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price suggests a potential upside of 30.81% from the company's current price.

Other equities analysts have also recently issued reports about the company. Citigroup lifted their price objective on Flutter Entertainment from £252 to £275 and gave the stock a "buy" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Flutter Entertainment in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of £262.67.

Flutter Entertainment Price Performance

Shares of FLTR traded up GBX 450 during mid-day trading on Wednesday, hitting £185. The company's stock had a trading volume of 1,315,426 shares, compared to its average volume of 193,351. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74. The firm has a 50-day simple moving average of £212.13 and a 200 day simple moving average of £198.07. The firm has a market capitalization of £32.54 billion, a P/E ratio of 9,024.39, a P/E/G ratio of 1.76 and a beta of 1.24. Flutter Entertainment has a 1-year low of £147.45 and a 1-year high of £237.

About Flutter Entertainment

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

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