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

Flutter Entertainment (LON:FLTR) was upgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a report issued on Tuesday, Digital Look reports. The firm currently has a £213 ($267.55) price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 42.71% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Flutter Entertainment from £171.54 ($215.48) to £175.89 ($220.94) and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Berenberg Bank lifted their target price on shares of Flutter Entertainment from £170 ($213.54) to £186 ($233.64) and gave the stock a “buy” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of £192.47 ($241.77).

Flutter Entertainment Price Performance

Shares of LON FLTR traded up GBX 15 ($0.19) during trading on Tuesday, reaching £149.25 ($187.48). The company had a trading volume of 330,966 shares, compared to its average volume of 610,400. Flutter Entertainment has a 52 week low of £120.20 ($150.99) and a 52 week high of £179.80 ($225.85). 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’s 50 day moving average price is £161.50 and its 200-day moving average price is £147.17. The stock has a market cap of £26.44 billion, a PE ratio of -2,738.53, a PEG ratio of 1.76 and a beta of 0.88.

Insider Activity at Flutter Entertainment

In other news, insider Peter Jackson sold 21,688 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of £157.85 ($198.28), for a total transaction of £3,423,450.80 ($4,300,277.35). 0.05% of the stock is currently owned by insiders.

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.