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

Flutter Entertainment (LON:FLTR) was upgraded by analysts at JPMorgan Chase & Co. to an “overweight” rating in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a £213 ($267.55) target price on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 42.95% from the stock’s current price.

Several other equities research analysts have also recently commented on FLTR. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Flutter Entertainment from £171.54 ($215.48) to £175.89 ($220.94) and gave the company a “buy” rating in a research report on Tuesday, April 16th. Berenberg Bank boosted their price objective on shares of Flutter Entertainment from £170 ($213.54) to £186 ($233.64) and gave the company a “buy” rating in a research report on Friday, February 16th. Two investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of £192.47 ($241.77).

Flutter Entertainment Trading Down 0.2 %

FLTR opened at £149 ($187.16) on Tuesday. The stock has a market capitalization of £26.43 billion, a P/E ratio of -2,709.09, a P/E/G ratio of 1.76 and a beta of 0.86. Flutter Entertainment has a 12 month low of £120.20 ($150.99) and a 12 month high of £179.80 ($225.85). The firm’s fifty day simple moving average is £160.92 and its 200 day simple moving average is £147.30. 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 Buying and Selling at Flutter Entertainment

In other Flutter Entertainment news, insider Peter Jackson sold 21,688 shares of Flutter Entertainment stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of £157.85 ($198.28), for a total value of £3,423,450.80 ($4,300,277.35). Company insiders own 0.05% of the company’s stock.

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.