By Michele Maatouk
Date: Tuesday 27 Feb 2024
LONDON (ShareCast) - (Sharecast News) - Barclays upgraded Flutter Entertainment on Tuesday to 'overweight' from 'equalweight' and lifted the price target to 200p from 153p, citing multi-year earnings growth.
"Flutter offers an attractive +33% 2024-26E earnings per share compound annual growth rate as the US becomes increasingly profitable," the bank said.
Barclays said the US market share has proven resilient despite new entrants.
"Following a scenario analysis, we raise US 2024/25E EBITDA circa £70m/£160m, driving group EPS +5%/+13%."
It said the new price target implies 20% upside.
At 0910 GMT, the shares were up 1.2% at 16,890p.
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Currency | UK Pounds |
Share Price | 14,935.00p |
Change Today | 60.00p |
% Change | 0.40 % |
52 Week High | 17,475.00 |
52 Week Low | 12,155.00 |
Volume | 232,687 |
Shares Issued | 177.45m |
Market Cap | £26,501m |
RiskGrade | 135 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 11 |
Buy | 13 |
Neutral | 3 |
Sell | 0 |
Strong Sell | 0 |
Total | 27 |
Latest | Previous | |
---|---|---|
Interim | Final | |
Ex-Div | 05-Sep-19 | 11-Apr-19 |
Paid | 09-Oct-19 | 21-May-19 |
Amount | 67.00p | 133.00p |
Time | Volume / Share Price |
17:29 | 575 @ 14,936.40p |
16:35 | 97,061 @ 14,935.00p |
16:35 | 381 @ 14,935.00p |
16:35 | 84 @ 14,935.00p |
16:35 | 94 @ 14,935.00p |
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