Flutter Entertainment (LON:FLTR) Receives “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Flutter Entertainment (LON:FLTR) in a report released on Thursday morning, MarketBeat reports. They currently have a £213 ($265.16) price objective on the stock.

FLTR has been the subject of several other research reports. Berenberg Bank lifted their price target on Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the company a buy rating in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft lifted their price target on Flutter Entertainment from £171.54 ($213.54) to £175.89 ($218.96) and gave the company a buy rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of £192.47 ($239.60).

Flutter Entertainment Price Performance

Shares of Flutter Entertainment stock opened at £147.70 ($183.87) on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.88 and a debt-to-equity ratio of 66.26. Flutter Entertainment has a twelve month low of £120.20 ($149.63) and a twelve month high of £179.80 ($223.83). The business has a 50-day moving average price of £164.15 and a 200 day moving average price of £146.22. The firm has a market cap of £26.16 billion, a PE ratio of -2,709.17, a P/E/G ratio of 1.76 and a beta of 0.88.

Insiders Place Their Bets

In other Flutter Entertainment news, insider Peter Jackson sold 21,688 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of £157.85 ($196.50), for a total transaction of £3,423,450.80 ($4,261,733.85). 0.05% of the stock is owned by company insiders.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.