Flutter Entertainment (LON:FLTR) Price Target Raised to £203 at Berenberg Bank

Flutter Entertainment (LON:FLTR) had its price objective increased by equities research analysts at Berenberg Bank from £188 ($244.09) to £203 ($263.57) in a note issued to investors on Thursday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 16.94% from the stock’s current price.

Separately, Shore Capital reiterated a “hold” rating on shares of Flutter Entertainment in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Flutter Entertainment presently has an average rating of “Moderate Buy” and a consensus target price of £201.47 ($261.58).

Flutter Entertainment Stock Down 1.2 %

FLTR traded down GBX 210 ($2.73) on Thursday, reaching £173.60 ($225.40). 86,148 shares of the company traded hands, compared to its average volume of 969,212. The stock’s 50 day moving average price is £170.60 and its 200-day moving average price is £158.46. Flutter Entertainment has a 52-week low of £120.20 ($156.06) and a 52-week high of £188.45 ($244.68). The company has a market cap of £30.87 billion, a price-to-earnings ratio of -3,064.37, a PEG ratio of 1.76 and a beta of 1.24. The company has a debt-to-equity ratio of 64.90, a current ratio of 0.90 and a quick ratio of 0.70.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.