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

Flutter Entertainment (LON:FLTR) had its price objective raised by equities researchers at Berenberg Bank from £181 to £213 in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 55.70% from the stock’s previous close.

FLTR has been the topic of a number of other research reports. Peel Hunt reaffirmed a “hold” rating and issued a £223 price objective on shares of Flutter Entertainment in a research note on Thursday, November 13th. JPMorgan Chase & Co. cut their target price on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating for the company in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Flutter Entertainment from £237.53 to £202 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Finally, Citigroup lowered their price objective on shares of Flutter Entertainment from £254 to £244 and set a “buy” rating for the company in a research report on Friday, November 28th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of £227.

Flutter Entertainment Trading Up 0.7%

Shares of FLTR stock opened at £136.80 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74. The stock has a market capitalization of £23.97 billion, a price-to-earnings ratio of -107.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. Flutter Entertainment has a 12-month low of £133.30 and a 12-month high of £237. The stock’s 50-day moving average price is £157.08 and its 200-day moving average price is £188.34.

About Flutter Entertainment

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