JPMorgan Chase & Co. Lowers Flutter Entertainment (LON:FLTR) Price Target to £253

Flutter Entertainment (LON:FLTR) had its target price reduced by stock analysts at JPMorgan Chase & Co. from £271 to £253 in a report released on Tuesday,London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 60.99% from the stock’s previous close.

FLTR has been the subject of several other reports. Citigroup lowered their price objective on shares of Flutter Entertainment from £254 to £244 and set a “buy” rating for the company in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Flutter Entertainment from £237.53 to £202 and set a “buy” rating for the company in a report on Thursday, November 13th. Peel Hunt reissued a “hold” rating and set a £223 target price on shares of Flutter Entertainment in a research note on Thursday, November 13th. Finally, Berenberg Bank dropped their price target on Flutter Entertainment from £242 to £181 and set a “buy” rating for the company in a research note on Thursday, November 27th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of £220.60.

Flutter Entertainment Trading Down 1.5%

LON FLTR traded down GBX 245 during trading on Tuesday, hitting £157.15. 53,730 shares of the company’s stock traded hands, compared to its average volume of 211,715. The firm has a market cap of £27.54 billion, a P/E ratio of 76.66, a PEG ratio of 1.76 and a beta of 1.24. The stock has a fifty day moving average of £175.39 and a two-hundred day moving average of £196.67. The company has a debt-to-equity ratio of 73.74, a current ratio of 0.90 and a quick ratio of 0.70. Flutter Entertainment has a 12-month low of £141.55 and a 12-month high of £237.

About Flutter Entertainment

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