Flutter Entertainment (LON:FLTR) Downgraded to “Sell” Rating by Citigroup

Citigroup lowered shares of Flutter Entertainment (LON:FLTR) to a sell rating in a research report released on Thursday,Digital Look reports. They currently have GBX 6,800 price target on the stock, down from their previous price target of £158.

Several other analysts have also recently weighed in on FLTR. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Berenberg Bank boosted their price objective on shares of Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a research note on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment has a consensus rating of “Hold” and an average price target of £189.40.

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at GBX 7,976 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 142.42. Flutter Entertainment has a twelve month low of GBX 7,434 and a twelve month high of £236.10. The stock has a market cap of £13.91 billion, a price-to-earnings ratio of -45.58, a P/E/G ratio of 1.76 and a beta of 1.16. The company’s fifty day moving average is GBX 8,487.12 and its 200 day moving average is £134.89.

About Flutter Entertainment

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