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

Flutter Entertainment (LON:FLTR)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a £213 ($265.16) price objective on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 43.53% from the company’s previous close.

A number of other equities research analysts have also issued reports on FLTR. Deutsche Bank Aktiengesellschaft increased their target price 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. Berenberg Bank increased their price objective on shares of Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the company a “buy” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of £192.47 ($239.60).

Flutter Entertainment Stock Up 0.5 %

Shares of Flutter Entertainment stock opened at £148.40 ($184.74) on Thursday. The company has a fifty day moving average price of £163.73 and a 200 day moving average price of £146.33. The company has a current ratio of 0.88, a quick ratio of 0.70 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 stock has a market cap of £26.29 billion, a price-to-earnings ratio of -2,722.94, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88.

Insider Activity

In related news, insider Peter Jackson sold 21,688 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of £157.85 ($196.50), for a total value of £3,423,450.80 ($4,261,733.85). Insiders own 0.05% of the company’s stock.

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.