Flutter Entertainment’s (FLTR) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

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

Several other equities analysts also recently issued reports on the stock. Berenberg Bank lifted their price target on shares of Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the company a “buy” rating in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Flutter Entertainment from £171.54 ($213.54) to £175.89 ($218.96) and gave the stock a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Flutter Entertainment has an average rating of “Moderate Buy” and an average price target of £192.47 ($239.60).

Flutter Entertainment Stock Up 0.5 %

Shares of LON FLTR opened at £148.40 ($184.74) on Thursday. Flutter Entertainment has a 52-week low of £120.20 ($149.63) and a 52-week high of £179.80 ($223.83). The company has a debt-to-equity ratio of 66.26, a quick ratio of 0.70 and a current ratio of 0.88. The business has a fifty day moving average of £163.73 and a two-hundred day moving average of £146.33. The stock has a market cap of £26.29 billion, a PE ratio of -2,722.94, a PEG ratio of 1.76 and a beta of 0.88.

Insiders Place Their Bets

In other Flutter Entertainment news, insider Peter Jackson sold 21,688 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were 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.

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.