Citigroup Forecasts Strong Price Appreciation for Flutter Entertainment (LON:FLTR) Stock

Flutter Entertainment (LON:FLTR) had its target price increased by research analysts at Citigroup from £252 ($341.56) to £275 ($372.73) in a research report issued on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 26.85% from the company’s current price.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Flutter Entertainment in a research note on Friday, August 8th. Berenberg Bank restated a “buy” rating and issued a £247 ($334.78) target price on shares of Flutter Entertainment in a research note on Friday, July 11th.

Flutter Entertainment Stock Performance

FLTR stock opened at £216.80 ($293.85) on Thursday. The stock has a 50-day moving average price of £212.16 and a 200-day moving average price of £197.43. Flutter Entertainment has a 1-year low of £147.45 ($199.85) and a 1-year high of £237 ($321.23). The company has a current ratio of 0.90, a quick ratio of 0.70 and a debt-to-equity ratio of 73.74. The firm has a market cap of £49.07 billion, a PE ratio of -77.28, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

Flutter Entertainment Company Profile

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