Berenberg Bank Lowers Flutter Entertainment (LON:FLTR) Price Target to £181

Flutter Entertainment (LON:FLTR) had its price objective lowered by analysts at Berenberg Bank from £242 to £181 in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 14.96% from the stock’s current price.

A number of other research analysts also recently weighed in on FLTR. Deutsche Bank Aktiengesellschaft cut their price target on Flutter Entertainment from £237.53 to £202 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Peel Hunt reissued a “hold” rating and issued a £223 target price on shares of Flutter Entertainment in a research note on Thursday, November 13th. Citigroup reduced their target price on Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Flutter Entertainment in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Flutter Entertainment has an average rating of “Moderate Buy” and a consensus price target of £224.20.

Flutter Entertainment Price Performance

Shares of FLTR stock opened at £157.45 on Thursday. Flutter Entertainment has a 52-week low of £141.55 and a 52-week high of £237. The stock has a market cap of £27.60 billion, a PE ratio of 76.80, a PEG ratio of 1.76 and a beta of 1.24. The company has a debt-to-equity ratio of 73.74, a quick ratio of 0.70 and a current ratio of 0.90. The firm’s 50 day moving average price is £177.44 and its two-hundred day moving average price is £196.89.

About Flutter Entertainment

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