JPMorgan Chase & Co. Cuts Flutter Entertainment (LON:FLTR) Price Target to £271

Key Points

• JPMorgan Chase & Co. has reduced its price target for Flutter Entertainment from £273 to £271, indicating a potential upside of 43.73% from the current stock price.
• Other analysts have also adjusted their price targets; Berenberg Bank lowered theirs to £242 while Citigroup raised theirs to £275, with Flutter receiving an average rating of "Buy" among three analysts.
• As of midday trading, Flutter Entertainment's stock rose to £188.55, with a market capitalization of £33.16 billion and a PE ratio of 9,197.56.

Flutter Entertainment (LON:FLTR - Get Free Report) had its price target decreased by analysts at JPMorgan Chase & Co. from £273 to £271 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 43.73% from the company's current price.

A number of other equities research analysts have also issued reports on FLTR. Berenberg Bank dropped their target price on shares of Flutter Entertainment from £247 to £242 and set a "buy" rating for the company in a report on Wednesday, October 8th. Citigroup upped their price objective on shares of Flutter Entertainment from £252 to £275 and gave the stock a "buy" rating in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of £262.67.

Flutter Entertainment Stock Performance

Flutter Entertainment stock traded up GBX 75 during midday trading on Wednesday, hitting £188.55. 4,977,970 shares of the company were exchanged, compared to its average volume of 229,963. The business has a fifty day simple moving average of £208.73 and a two-hundred day simple moving average of £198.15. Flutter Entertainment has a fifty-two week low of £147.45 and a fifty-two week high of £237. The firm has a market capitalization of £33.16 billion, a PE ratio of 9,197.56, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. 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 Company Profile

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

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