Flutter Entertainment (LON:FLTR) Given New £275 Price Target at Citigroup

Key Points

• Citigroup has raised its price target for Flutter Entertainment from £252 to £275, indicating a potential upside of 28.81% from the current stock price.
• The stock currently remains flat at £213.50, with a market capitalization of £48.32 billion and a price-to-earnings ratio of -76.10.
• Flutter Entertainment is recognized as the world's largest online sports betting and gaming operator with a diverse portfolio of global brands.

Flutter Entertainment (LON:FLTR - Get Free Report) had its price objective hoisted by equities researchers at Citigroup from £252 ($342.21) to £275 ($373.44) in a research note issued to investors on Thursday,Digital Look reports. The brokerage presently has a "buy" rating on the stock. Citigroup's target price indicates a potential upside of 28.81% from the stock's current price.

FLTR has been the subject of several other reports. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Flutter Entertainment in a research note on Friday, August 8th. Berenberg Bank reissued a "buy" rating and issued a £247 ($335.42) price target on shares of Flutter Entertainment in a report on Friday, July 11th.

Flutter Entertainment Stock Performance

LON FLTR remained flat at £213.50 ($289.92) on Thursday. 36,999 shares of the company's stock traded hands, compared to its average volume of 191,457. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 73.74. Flutter Entertainment has a twelve month low of £147.45 ($200.23) and a twelve month high of £237 ($321.84). The stock's fifty day moving average price is £210.83 and its 200-day moving average price is £197.38. The firm has a market cap of £48.32 billion, a price-to-earnings ratio of -76.10, 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.

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