Flutter Entertainment potential upside indicated by Barclays

Finance News

Flutter Entertainment operator of Betfiar and Paddy Power has been given a £138 ($166.75) target price by Barclays in a report released on Thursday, Borsen Zeitung reports. 

Barclays’s price objective indicates a potential upside of 37.45% from the stock’s current price.

Barclays Plc, which helped finance UK sports betting firm Flutter Entertainment Plc’s takeover of Italian gambling operator Sisal SpA back in December, is marketing a dollar-denominated 1 billion euro ($1 billion) first-lien loan tied to the company, Bloomberg earlier reported.