Flutter Entertainment (LON:FLTR) Raised to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Flutter Entertainment (LON:FLTR) to an overweight rating in a research note published on Tuesday, Marketbeat Ratings reports. The brokerage currently has £213 ($267.55) price target on the stock.

A number of other equities research analysts have also weighed in on FLTR. Berenberg Bank boosted their target price on Flutter Entertainment from £170 ($213.54) to £186 ($233.64) and gave the company a buy rating in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Flutter Entertainment from £171.54 ($215.48) to £175.89 ($220.94) and gave the stock a buy rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of £192.47 ($241.77).

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at £157.05 ($197.27) on Tuesday. The firm has a fifty day simple moving average of £160.67 and a two-hundred day simple moving average of £147.34. 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 ($150.99) and a twelve month high of £179.80 ($225.85). The company has a market capitalization of £27.86 billion, a PE ratio of -2,855.45, a P/E/G ratio of 1.76 and a beta of 0.86.

Insider Activity

In other Flutter Entertainment news, insider Peter Jackson sold 21,688 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of £157.85 ($198.28), for a total value of £3,423,450.80 ($4,300,277.35). Insiders own 0.05% of the company’s stock.

Flutter Entertainment Company Profile

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.