Citigroup Cuts Flutter Entertainment (LON:FLTR) Price Target to £254

Flutter Entertainment (LON:FLTR) had its target price trimmed by Citigroup from £268 to £254 in a research note published on Friday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

FLTR has been the subject of several other reports. JPMorgan Chase & Co. reduced their target price on Flutter Entertainment from £273 to £271 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Peel Hunt reaffirmed a “hold” rating and set a £223 price objective on shares of Flutter Entertainment in a research report on Thursday. Finally, Berenberg Bank decreased their price target on shares of Flutter Entertainment from £247 to £242 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of £238.40.

Flutter Entertainment Trading Down 2.0%

LON:FLTR opened at £152.30 on Friday. The company has a market capitalization of £26.69 billion, a P/E ratio of 74.29, a P/E/G ratio of 1.76 and a beta of 1.24. The stock’s 50 day moving average price is £189.28 and its 200 day moving average price is £199.48. 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 has a 52 week low of £147.30 and a 52 week 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.