Citigroup Issues Pessimistic Forecast for Flutter Entertainment (LON:FLTR) Stock Price

Flutter Entertainment (LON:FLTR) had its target price cut by investment analysts at Citigroup from £268 to £254 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 66.89% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Flutter Entertainment from £273 to £271 and set an “overweight” rating for the company in a research report on Wednesday, October 15th. Peel Hunt reiterated a “hold” rating and set a £223 price target on shares of Flutter Entertainment in a report on Thursday. Finally, Berenberg Bank reduced their price objective on Flutter Entertainment from £247 to £242 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of £247.50.

Flutter Entertainment Stock Down 2.1%

Shares of LON:FLTR traded down GBX 320 during trading on Friday, reaching £152.20. 360,123 shares of the stock were exchanged, compared to its average volume of 194,995. Flutter Entertainment has a 1-year low of £147.30 and a 1-year high of £237. The stock has a fifty day moving average of £190.59 and a two-hundred day moving average of £199.34. The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70. The firm has a market cap of £26.68 billion, a price-to-earnings ratio of 74.24, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

Flutter Entertainment Company Profile

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