Flutter Entertainment (LON:FLTR) Stock Rating Lowered by JPMorgan Chase & Co.

Flutter Entertainment (LON:FLTRGet Free Report) was downgraded by research analysts at JPMorgan Chase & Co. to an “overweight” rating in a report issued on Thursday,Digital Look reports. They currently have a £115 price target on the stock, down from their previous price target of £127. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 64.57% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a £160 price objective on shares of Flutter Entertainment in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft cut their target price on Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Citigroup cut Flutter Entertainment to a “sell” rating and reduced their target price for the company from £158 to GBX 6,800 in a research note on Thursday, April 16th. Finally, Berenberg Bank reissued a “buy” rating and set a £129 price target on shares of Flutter Entertainment in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Flutter Entertainment has an average rating of “Moderate Buy” and an average price target of £147.50.

View Our Latest Stock Report on FLTR

Flutter Entertainment Stock Up 0.1%

Shares of LON FLTR opened at GBX 6,988 on Thursday. Flutter Entertainment has a 1 year low of GBX 6,722 and a 1 year high of £236.10. The firm has a market cap of £12.16 billion, a price-to-earnings ratio of -39.93, a PEG ratio of 1.76 and a beta of 1.15. The company has a debt-to-equity ratio of 142.42, a quick ratio of 0.70 and a current ratio of 0.95. The stock’s 50-day simple moving average is GBX 7,903.78 and its 200-day simple moving average is £121.

Insider Activity at Flutter Entertainment

In related news, insider Peter Jackson sold 3,084 shares of Flutter Entertainment stock in a transaction dated Monday, May 11th. The stock was sold at an average price of GBX 7,210, for a total value of £222,356.40. Insiders own 3.03% of the company’s stock.

About Flutter Entertainment

(Get Free Report)

Flutter Entertainment is the world’s largest online sports betting and gaming operator with a portfolio of globally recognised brands.

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Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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