Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Flutter Entertainment (LON:FLTR) Stock Price

Flutter Entertainment (LON:FLTR) had its target price cut by stock analysts at Deutsche Bank Aktiengesellschaft from £202 to £190 in a research report issued on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 41.98% from the company’s previous close.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating for the company in a report on Tuesday, December 2nd. Berenberg Bank increased their price target on Flutter Entertainment from £181 to £213 and gave the company a “buy” rating in a research note on Monday. Citigroup reduced their price objective on Flutter Entertainment from £254 to £244 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, Peel Hunt reaffirmed a “hold” rating and set a £223 price objective on shares of Flutter Entertainment in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of £224.60.

Flutter Entertainment Price Performance

Shares of LON:FLTR opened at £133.83 on Friday. The firm has a market cap of £23.45 billion, a price-to-earnings ratio of -105.38, a P/E/G ratio of 1.76 and a beta of 1.24. The firm has a fifty day moving average price of £155.84 and a 200 day moving average price of £187.61. Flutter Entertainment has a fifty-two week low of £133.05 and a fifty-two week high of £237. The company has a debt-to-equity ratio of 73.74, a quick ratio of 0.70 and a current ratio of 0.90.

Flutter Entertainment Company Profile

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