Flutter Entertainment (LON:FLTR) Price Target Raised to £203 at Berenberg Bank

Flutter Entertainment (LON:FLTR) had its target price raised by Berenberg Bank from £188 ($244.09) to £203 ($263.57) in a report issued on Thursday morning, Digital Look reports. The brokerage currently has a buy rating on the stock.

Separately, Shore Capital restated a “hold” rating on shares of Flutter Entertainment in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of £201.47 ($261.58).

Flutter Entertainment Price Performance

LON:FLTR traded down GBX 205 ($2.66) during midday trading on Thursday, hitting £173.65 ($225.46). The company had a trading volume of 87,808 shares, compared to its average volume of 969,212. The company has a market capitalization of £30.88 billion, a PE ratio of -3,061.73, a P/E/G ratio of 1.76 and a beta of 1.24. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 64.90. Flutter Entertainment has a 52-week low of £120.20 ($156.06) and a 52-week high of £188.45 ($244.68). The stock’s fifty day moving average price is £170.60 and its 200-day moving average price is £158.46.

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.