JPMorgan Chase & Co. reissued their overweight rating on shares of Flutter Entertainment (LON:FLTR - Free Report) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a £213 ($267.52) target price on the stock.
A number of other brokerages have also commented on FLTR. Berenberg Bank upped their price objective on Flutter Entertainment from £170 ($213.51) to £186 ($233.61) and gave the company a buy rating in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft upped their target price on Flutter Entertainment from £171.54 ($215.45) to £175.89 ($220.91) and gave the company a buy rating in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of £192.47 ($241.74).
Read Our Latest Report on FLTR
Flutter Entertainment Stock Performance
LON FLTR traded up GBX 690.35 ($8.67) on Wednesday, reaching £165.65 ($208.06). The stock had a trading volume of 1,178,895 shares, compared to its average volume of 646,435. The company has a debt-to-equity ratio of 66.26, a current ratio of 0.88 and a quick ratio of 0.70. The firm has a fifty day moving average of £159.23 and a two-hundred day moving average of £149.34. Flutter Entertainment has a 1-year low of £120.20 ($150.97) and a 1-year high of £179.80 ($225.82). The company has a market cap of £29.41 billion, a P/E ratio of -3,006.42, a price-to-earnings-growth ratio of 1.76 and a beta of 0.87.
Insider Buying and Selling
In related news, insider Peter Jackson sold 21,688 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of £157.85 ($198.25), for a total transaction of £3,423,450.80 ($4,299,737.25). 0.08% of the stock is owned by corporate insiders.
About Flutter Entertainment
(
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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.
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