JPMorgan Chase & Co. Issues Pessimistic Forecast for Flutter Entertainment (LON:FLTR) Stock Price

Flutter Entertainment (LON:FLTR) had its price objective reduced by analysts at JPMorgan Chase & Co. from £273 to £271 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 45.07% from the company’s previous close.

Other research analysts also recently issued reports about the company. Citigroup raised their price objective on Flutter Entertainment from £252 to £275 and gave the company a “buy” rating in a research note on Thursday, August 14th. Berenberg Bank cut their price objective on Flutter Entertainment from £247 to £242 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of £262.67.

Flutter Entertainment Stock Down 0.9%

FLTR opened at £186.80 on Wednesday. Flutter Entertainment has a fifty-two week low of £147.45 and a fifty-two week high of £237. The business has a 50-day moving average of £207.07 and a 200-day moving average of £198.20. The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70. The company has a market capitalization of £32.86 billion, a PE ratio of 9,112.20, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24.

About Flutter Entertainment

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