JPMorgan Chase & Co. reiterates ‘£159.90’ price target for Flutter Entertainment (LON: FLTR)

Flutter Entertainment (LON: FLTR – Get a rating) was given a target price of £159.90 ($208.04) by stock analysts at JPMorgan Chase & Co. in a research note released Wednesday to investors, Borsen Zeitung reports. JPMorgan Chase & Co.The stock’s price target would point to a potential upside of 88.34% from the stock’s previous close.

Several other equity research analysts have also recently published reports on FLTR. UBS Group set a price target of £150 ($195.16) on shares of Flutter Entertainment in a research report on Tuesday, March 22. Goldman Sachs Group set a price target of £149 ($193.86) on shares of Flutter Entertainment in a Monday, March 21 research report. Jefferies Financial Group set a price target of £155 ($201.67) on shares of Flutter Entertainment in a research report on Tuesday, March 8. Deutsche Bank Aktiengesellschaft cut its price target on Flutter Entertainment shares from £156.74 ($203.93) to £134.50 ($174.99) and set a “buy” rating for the company in a Wednesday, March 2 research report. Finally, Barclays restated an “overweight” rating and set a price target of £138 ($179.55) on shares of Flutter Entertainment in a Wednesday, April 13 research report. One research analyst rated the security with a sell rating, one assigned a hold rating and ten assigned a buy rating. According to data from MarketBeat.com, Flutter Entertainment currently has a consensus rating of “Buy” and a consensus target price of £147.53 ($191.95).

Shares of LON FLTR traded at 10 GBX ($0.13) at midday on Wednesday, reaching 8,490 GBX ($110.46). The company’s stock had a trading volume of 238,157 shares, compared to an average volume of 504,669. The stock has a 50-day moving average of 9,258.08 GBX and a two-hundred-day moving average of 110 £.21. The stock has a market capitalization of £14.92 billion and a P/E ratio of -35.90. The company has a debt ratio of 37.82, a quick ratio of 0.52 and a current ratio of 0.95. Flutter Entertainment has a one-year minimum of 7,600 GBX ($98.88) and a one-year maximum of £162.75 ($211.75).

About Flutter Entertainment (Get a rating)

Flutter Entertainment plc operates as a sports betting and gaming company in the UK, Ireland, Australia, USA and internationally. The Company operates through four segments: United Kingdom and Ireland, Australia, International and United States. It offers sports betting and sports betting exchange products, daily fantasy sports products and pari-mutuel products; fixed odds game betting products; online games and casinos; peer-to-peer games, including bingo, rummy and online poker; and business-to-business services.

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