Flutter Entertainment (LON:FLTR) PT Raised to £170 at Royal Bank of Canada

Flutter Entertainment (LON:FLTR) had its price objective lifted by Royal Bank of Canada from £157 ($205.12) to £170 ($222.11) in a report released on Monday morning, PriceTargets.com reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently issued reports on the stock. Shore Capital reissued a hold rating on shares of Flutter Entertainment in a research report on Tuesday, March 2nd. Morgan Stanley raised shares of Flutter Entertainment to an overweight rating and upped their target price for the stock from £140 ($182.91) to £174 ($227.33) in a research report on Monday, February 8th. Jefferies Financial Group set a £187 ($244.32) target price on shares of Flutter Entertainment and gave the stock a buy rating in a research report on Monday, March 15th. Barclays set a £175 ($228.64) target price on shares of Flutter Entertainment and gave the stock a buy rating in a research report on Wednesday, March 31st. Finally, The Goldman Sachs Group set a £172.50 ($225.37) target price on shares of Flutter Entertainment and gave the stock a buy rating in a research report on Monday, March 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of £144.37 ($188.62).

Shares of Flutter Entertainment stock opened at £153.15 ($200.09) on Monday. The company has a current ratio of 0.74, a quick ratio of 0.35 and a debt-to-equity ratio of 31.24. The company’s fifty day simple moving average is £155.07 and its two-hundred day simple moving average is £143.28. The company has a market cap of £26.83 billion and a P/E ratio of 537.37. Flutter Entertainment has a 12-month low of GBX 7,600 ($99.29) and a 12-month high of £196.81 ($257.13).

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through PPB, PokerStars, Sky Betting & Gaming, Australia, and US segments. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo and poker; and business-to-business services.

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