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Flutter Entertainment (LON:FLTR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Flutter Entertainment logo with Consumer Cyclical background

Flutter Entertainment (LON:FLTR - Get Free Report) had its price target lifted by research analysts at JPMorgan Chase & Co. from £268 ($361.43) to £271 ($365.48) in a report released on Thursday, MarketBeat Ratings reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 26.46% from the stock's current price.

Separately, Berenberg Bank restated a "buy" rating and set a £247 ($333.11) price target on shares of Flutter Entertainment in a report on Friday, March 14th.

Read Our Latest Research Report on Flutter Entertainment

Flutter Entertainment Stock Up 0.5%

Shares of FLTR traded up GBX 110 ($1.48) during mid-day trading on Thursday, hitting £214.30 ($289.01). 24,210 shares of the company's stock were exchanged, compared to its average volume of 215,391. The stock's 50-day moving average is £192.62 and its 200-day moving average is £195.23. The company has a debt-to-equity ratio of 73.74, a quick ratio of 0.70 and a current ratio of 0.90. Flutter Entertainment has a fifty-two week low of £137.45 ($185.37) and a fifty-two week high of £237 ($319.62). The company has a market cap of £48.51 billion, a price-to-earnings ratio of -76.38, a P/E/G ratio of 1.76 and a beta of 1.24.

Insider Buying and Selling at Flutter Entertainment

In other news, insider Rob Coldrake sold 129 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of £184 ($248.15), for a total transaction of £23,736 ($32,010.79). Also, insider Peter Jackson sold 1,659 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of £184 ($248.15), for a total transaction of £305,256 ($411,673.63). Corporate insiders own 0.08% of the company's stock.

About Flutter Entertainment

(Get Free Report)

Flutter Entertainment is the world's largest online sports betting and gaming operator with a portfolio of globally recognised brands.

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