JPMorgan Chase & Co. Begins Coverage on Flutter Entertainment (LON:FLTR)

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Research analysts at JPMorgan Chase & Co. began coverage on shares of Flutter Entertainment (LON:FLTR) in a research note issued on Friday, Digital Look reports. The brokerage set a “neutral” rating on the stock.

Other analysts have also issued research reports about the stock. Peel Hunt upgraded shares of Flutter Entertainment to a “hold” rating and lifted their price objective for the company from GBX 6,000 ($78.40) to GBX 8,500 ($111.07) in a research note on Thursday, October 3rd. Barclays reduced their target price on shares of Flutter Entertainment from GBX 6,800 ($88.85) to GBX 6,700 ($87.55) and set an “equal weight” rating for the company in a research note on Tuesday, September 10th. UBS Group reiterated a “neutral” rating on shares of Flutter Entertainment in a research note on Thursday, August 8th. Shore Capital reissued an “under review” rating on shares of Flutter Entertainment in a report on Wednesday, October 2nd. Finally, Deutsche Bank boosted their price target on shares of Flutter Entertainment from GBX 6,000 ($78.40) to GBX 8,300 ($108.45) and gave the stock a “hold” rating in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 7,833.33 ($102.36).

Shares of FLTR traded down GBX 126 ($1.65) during mid-day trading on Friday, reaching GBX 7,650 ($99.96). The company had a trading volume of 527,214 shares. The business’s 50 day moving average price is GBX 7,308.84. The company has a quick ratio of 0.23, a current ratio of 0.63 and a debt-to-equity ratio of 14.31. Flutter Entertainment has a 1-year low of GBX 5,542 ($72.42) and a 1-year high of GBX 9,276 ($121.21). The company has a market cap of $5.98 billion and a P/E ratio of 32.40.

Flutter Entertainment Company Profile

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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Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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