JPMorgan Chase & Co. Issues Pessimistic Forecast for Flutter Entertainment (LON:FLTR) Stock Price

Flutter Entertainment (LON:FLTRGet Free Report) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from £271 to £253 in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 60.99% from the company’s previous close.

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

Check Out Our Latest Stock Analysis on FLTR

Flutter Entertainment Stock Down 1.5%

FLTR stock traded down GBX 245 during midday trading on Tuesday, reaching £157.15. 53,730 shares of the company’s stock traded hands, compared to its average volume of 211,715. The company has a quick ratio of 0.70, a current ratio of 0.90 and a debt-to-equity ratio of 73.74. The firm’s fifty day moving average price is £175.39 and its 200-day moving average price is £196.67. Flutter Entertainment has a 52 week low of £141.55 and a 52 week high of £237. The company has a market cap of £27.54 billion, a price-to-earnings ratio of 76.66, a P/E/G ratio of 1.76 and a beta of 1.24.

About Flutter Entertainment

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

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Analyst Recommendations for Flutter Entertainment (LON:FLTR)

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