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

Flutter Entertainment (LON:FLTR)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a research report issued on Thursday, Digital Look reports. They currently have a £213 ($265.16) price target on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 44.55% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Berenberg Bank boosted their price target on shares of Flutter Entertainment from £170 ($211.63) to £186 ($231.54) and gave the stock a “buy” rating in a research note on Friday, February 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Flutter Entertainment from £171.54 ($213.54) to £175.89 ($218.96) and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Flutter Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of £192.47 ($239.60).

Flutter Entertainment Trading Down 0.2 %

LON FLTR traded down GBX 25 ($0.31) during trading hours on Thursday, reaching £147.35 ($183.43). The company had a trading volume of 1,600,902 shares, compared to its average volume of 642,082. 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 stock has a market capitalization of £26.10 billion, a P/E ratio of -2,703.67, a price-to-earnings-growth ratio of 1.76 and a beta of 0.88. The stock has a 50-day moving average of £164.54 and a 200 day moving average of £146.21. Flutter Entertainment has a 1-year low of £120.20 ($149.63) and a 1-year high of £179.80 ($223.83).

Insider Buying and Selling

In related news, insider Peter Jackson sold 21,688 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of £157.85 ($196.50), for a total transaction 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.