Flutter Entertainment (LON:FLTR) Given New £202 Price Target at Deutsche Bank Aktiengesellschaft

Flutter Entertainment (LON:FLTR) had its price target cut by investment analysts at Deutsche Bank Aktiengesellschaft from £237.53 to £202 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 32.63% from the stock’s current price.

Several other research firms have also issued reports on FLTR. Citigroup dropped their target price on shares of Flutter Entertainment from £268 to £254 and set a “buy” rating on the stock in a report on Friday. Peel Hunt reaffirmed a “hold” rating and issued a £223 price target on shares of Flutter Entertainment in a research note on Thursday. JPMorgan Chase & Co. cut their price target on Flutter Entertainment from £273 to £271 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. Finally, Berenberg Bank reduced their price target on shares of Flutter Entertainment from £247 to £242 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of £238.40.

Flutter Entertainment Price Performance

FLTR traded down GBX 310 on Thursday, reaching £152.30. The stock had a trading volume of 4,750,043 shares, compared to its average volume of 214,769. The firm has a 50-day moving average of £190.59 and a 200-day moving average of £199.34. The company has a market capitalization of £26.69 billion, a price-to-earnings ratio of 74.29, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. Flutter Entertainment has a fifty-two week low of £147.30 and a fifty-two week high of £237. The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74.

Flutter Entertainment Company Profile

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