Citigroup Forecasts Strong Price Appreciation for Flutter Entertainment (LON:FLTR) Stock

Flutter Entertainment (LON:FLTR) had its price objective hoisted by research analysts at Citigroup from £252 ($341.56) to £275 ($372.73) in a report issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 26.85% from the stock’s previous close.

Several other research firms also recently weighed in on FLTR. Berenberg Bank restated a “buy” rating and issued a £247 ($334.78) price objective on shares of Flutter Entertainment in a report on Friday, July 11th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Flutter Entertainment in a report on Friday, August 8th.

Flutter Entertainment Stock Up 1.5%

LON:FLTR opened at £216.80 ($293.85) on Thursday. Flutter Entertainment has a twelve month low of £147.45 ($199.85) and a twelve month high of £237 ($321.23). The company has a market cap of £49.07 billion, a price-to-earnings ratio of -77.28, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The stock has a fifty day simple moving average of £212.16 and a 200-day simple moving average of £197.43. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74.

Flutter Entertainment Company Profile

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