Flutter Entertainment (LON:FLTR) Given New £213 Price Target at Berenberg Bank

Flutter Entertainment (LON:FLTR) had its target price increased by stock analysts at Berenberg Bank from £181 to £213 in a research note issued on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 56.39% from the stock’s previous close.

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

Flutter Entertainment Price Performance

LON:FLTR opened at £136.20 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 73.74. The business’s 50-day moving average price is £157.86 and its 200 day moving average price is £188.82. Flutter Entertainment has a 52-week low of £134.50 and a 52-week high of £237. The firm has a market cap of £23.87 billion, a P/E ratio of -107.24, a PEG ratio of 1.76 and a beta of 1.24.

About Flutter Entertainment

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