Flutter Entertainment (LON:FLTR) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Flutter Entertainment (LON:FLTR) to an overweight rating in a report published on Tuesday, MarketBeat Ratings reports. They currently have £213 ($267.55) price target on the stock.

A number of other analysts also recently issued reports on the company. Berenberg Bank lifted their price target on Flutter Entertainment from £170 ($213.54) to £186 ($233.64) and gave the stock a buy rating in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft boosted their target price on 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Flutter Entertainment presently has an average rating of Moderate Buy and a consensus target price of £192.47 ($241.77).

Flutter Entertainment Price Performance

Flutter Entertainment stock opened at £147.17 ($184.86) on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 66.26. The company has a fifty day simple moving average of £161.17 and a 200-day simple moving average of £147.29. The stock has a market cap of £26.11 billion, a P/E ratio of -2,713.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.86. Flutter Entertainment has a 12-month low of £120.20 ($150.99) and a 12-month high of £179.80 ($225.85).

Insider Activity

In other news, insider Peter Jackson sold 21,688 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of £157.85 ($198.28), for a total transaction of £3,423,450.80 ($4,300,277.35). Company 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.