Barclays Lowers Flutter Entertainment (LON:FLTR) Price Target to GBX 6,700

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Flutter Entertainment (LON:FLTR) had its target price reduced by investment analysts at Barclays from GBX 6,800 ($88.85) to GBX 6,700 ($87.55) in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential downside of 9.65% from the company’s previous close.

Other equities analysts have also issued research reports about the company. UBS Group reissued a “neutral” rating on shares of Flutter Entertainment in a research note on Thursday, August 8th. Deutsche Bank reissued a “hold” rating on shares of Flutter Entertainment in a research note on Wednesday, August 7th. Finally, Peel Hunt reissued a “reduce” rating on shares of Flutter Entertainment in a research note on Wednesday, August 7th.

FLTR opened at GBX 7,416 ($96.90) on Tuesday. The business’s 50-day moving average price is GBX 6,723.20. Flutter Entertainment has a 12-month low of GBX 5,542 ($72.42) and a 12-month high of GBX 7,440 ($97.22). The company has a current ratio of 0.63, a quick ratio of 0.23 and a debt-to-equity ratio of 14.31. The firm has a market cap of $5.80 billion and a price-to-earnings ratio of 31.41.

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 Online, Australia, Retail, and US segments. It offers exchange sports betting products; fixed odds games betting; online games and casino; peer-to-peer games, including online bingo and poker; and business-to-business services.

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