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

Flutter Entertainment (LON:FLTR) had its price target decreased by Citigroup from £244 to £158 in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 85.01% from the stock’s previous close.

Several other equities analysts have also commented on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Flutter Entertainment from £202 to £190 and set a “buy” rating for the company in a research note on Friday, January 23rd. JPMorgan Chase & Co. cut their price objective on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a report on Tuesday, December 2nd. Berenberg Bank upped their price target on shares of Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a research report on Monday, January 19th. Finally, Peel Hunt reiterated a “hold” rating and issued a £223 price target on shares of Flutter Entertainment in a report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of £207.40.

Flutter Entertainment Trading Up 2.1%

Shares of LON FLTR traded up GBX 178 during midday trading on Thursday, reaching GBX 8,540. 55,830 shares of the stock were exchanged, compared to its average volume of 365,300. The stock has a 50 day moving average price of £124.54 and a 200-day moving average price of £163.70. The company has a current ratio of 0.96, a quick ratio of 0.70 and a debt-to-equity ratio of 137.21. The company has a market capitalization of £14.97 billion, a P/E ratio of -67.24, a P/E/G ratio of 1.76 and a beta of 1.14. Flutter Entertainment has a 52-week low of GBX 7,560 and a 52-week high of £236.10.

Flutter Entertainment Company Profile

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