Research analysts at JPMorgan Chase & Co. initiated coverage on shares of Flutter Entertainment (LON:FLTR) in a report released on Friday, October 11th, Digital Look reports. The brokerage set a “neutral” rating on the stock.
A number of other brokerages have also commented on FLTR. Shore Capital reissued an “under review” rating on shares of Flutter Entertainment in a report on Wednesday, October 2nd. UBS Group reissued a “neutral” rating on shares of Flutter Entertainment in a report on Thursday, August 8th. Peel Hunt raised Flutter Entertainment to a “hold” rating and upped their target price for the company from GBX 6,000 ($78.40) to GBX 8,500 ($111.07) in a report on Thursday, October 3rd. Barclays reduced their target price on Flutter Entertainment from GBX 6,800 ($88.85) to GBX 6,700 ($87.55) and set an “equal weight” rating for the company in a report on Tuesday, September 10th. Finally, Deutsche Bank upped their target price on Flutter Entertainment from GBX 6,000 ($78.40) to GBX 8,300 ($108.45) and gave the company a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 8,216.67 ($107.37).
Shares of FLTR opened at GBX 8,117 ($106.06) on Friday. The company has a debt-to-equity ratio of 14.31, a current ratio of 0.63 and a quick ratio of 0.23. The business’s 50 day moving average is GBX 7,797.08. The company has a market cap of $6.35 billion and a price-to-earnings ratio of 34.38. Flutter Entertainment has a 52 week low of GBX 5,542 ($72.42) and a 52 week high of GBX 9,276 ($121.21).
Flutter Entertainment PLC operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports betting products; fixed odds games betting; online games and casino; peer-to-peer games, including online bingo and poker; and business-to-business services.
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