Berenberg Bank Boosts Flutter Entertainment (LON:FLTR) Price Target to £188

Flutter Entertainment (LON:FLTR) had its price target upped by Berenberg Bank from £186 ($245.29) to £188 ($247.92) in a research report released on Friday, Marketbeat reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the company. Jefferies Financial Group restated a buy rating and issued a £220 ($290.12) price objective on shares of Flutter Entertainment in a report on Tuesday, May 28th. Shore Capital restated a hold rating on shares of Flutter Entertainment in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. decreased their price objective on Flutter Entertainment from £213 ($280.89) to £207 ($272.98) and set an overweight rating for the company in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of £197.72 ($260.74).

Flutter Entertainment Trading Down 0.3 %

Shares of LON:FLTR traded down GBX 50 ($0.66) on Friday, hitting £158.95 ($209.61). 2,081,668 shares of the company’s stock were exchanged, compared to its average volume of 633,823. Flutter Entertainment has a 12 month low of £120.20 ($158.51) and a 12 month high of £179.80 ($237.11). The stock has a market capitalization of £28.25 billion, a price-to-earnings ratio of -2,809.72, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The business’s 50 day simple moving average is £152.23 and its two-hundred day simple moving average is £156.68. 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.