Flutter Entertainment (LON:FLTR) Given Overweight Rating at JPMorgan Chase & Co.

Flutter Entertainment (LON:FLTR)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued to investors on Thursday, Digital Look reports. They presently have a £213 ($265.16) target price on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 44.55% from the stock’s previous close.

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

Flutter Entertainment Price Performance

FLTR stock traded down GBX 25 ($0.31) during trading hours on Thursday, hitting £147.35 ($183.43). 1,600,902 shares of the stock traded hands, compared to its average volume of 642,082. The stock has a 50-day simple moving average of £164.54 and a 200 day simple moving average of £146.21. Flutter Entertainment has a one year low of £120.20 ($149.63) and a one year high of £179.80 ($223.83). The company has a market cap of £26.10 billion, a P/E ratio of -2,703.67, a P/E/G ratio of 1.76 and a beta of 0.88. The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 66.26.

Insider Activity

In related news, insider Peter Jackson sold 21,688 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of £157.85 ($196.50), for a total value of £3,423,450.80 ($4,261,733.85). 0.05% of the stock is currently owned by company 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.