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

Flutter Entertainment (LON:FLTR) had its price objective reduced by equities researchers at Citigroup from £244 to £158 in a note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 85.01% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. decreased their target price on Flutter Entertainment from £271 to £253 and set an “overweight” rating on the stock in a research note on Tuesday, December 2nd. Berenberg Bank raised their price objective on shares of Flutter Entertainment from £181 to £213 and gave the company a “buy” rating in a research note on Monday, January 19th. Peel Hunt restated a “hold” rating and issued a £223 price target on shares of Flutter Entertainment in a research note on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of £207.40.

Flutter Entertainment Trading Up 2.1%

Shares of FLTR stock traded up GBX 178 during trading hours on Thursday, hitting GBX 8,540. The company had a trading volume of 55,830 shares, compared to its average volume of 365,300. The company has a debt-to-equity ratio of 137.21, a current ratio of 0.96 and a quick ratio of 0.70. The stock has a market capitalization of £14.97 billion, a PE ratio of -67.24, a price-to-earnings-growth ratio of 1.76 and a beta of 1.14. The company’s fifty day moving average is £124.54 and its 200 day moving average is £163.70. Flutter Entertainment has a fifty-two week low of GBX 7,560 and a fifty-two week high of £236.10.

About Flutter Entertainment

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