JPMorgan Chase & Co. Trims Flutter Entertainment (LON:FLTR) Target Price to £207

Flutter Entertainment (LON:FLTR) had its price objective lowered by JPMorgan Chase & Co. from £213 ($271.23) to £207 ($263.59) in a research report report published on Wednesday morning, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also issued reports on FLTR. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Flutter Entertainment from £171.54 ($218.44) to £175.89 ($223.98) and gave the company a buy rating in a report on Tuesday, April 16th. Jefferies Financial Group reissued a buy rating and issued a £220 ($280.15) price objective on shares of Flutter Entertainment in a report on Tuesday, May 28th. Finally, Berenberg Bank upped their price objective on shares of Flutter Entertainment from £170 ($216.48) to £186 ($236.85) and gave the company a buy rating in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of £197.22 ($251.14).

Flutter Entertainment Price Performance

Shares of LON FLTR opened at £138.35 ($176.17) on Wednesday. The firm has a 50-day simple moving average of £152.99 and a 200-day simple moving average of £153.02. The stock has a market capitalization of £24.56 billion, a price-to-earnings ratio of -2,369.01, a price-to-earnings-growth ratio of 1.76 and a beta of 0.87. The company has a quick ratio of 0.70, a current ratio of 0.84 and a debt-to-equity ratio of 65.79. Flutter Entertainment has a 52 week low of £120.20 ($153.06) and a 52 week high of £179.80 ($228.96).

Insiders Place Their Bets

In other Flutter Entertainment news, insider Peter Jackson sold 21,688 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of £157.85 ($201.01), for a total transaction of £3,423,450.80 ($4,359,417.80). 0.08% of the stock is currently owned by insiders.

About Flutter Entertainment

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.