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

Flutter Entertainment (LON:FLTR) had its target price decreased by JPMorgan Chase & Co. from £271 to £253 in a report released on Tuesday morning, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

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

Flutter Entertainment Stock Down 1.1%

Shares of LON:FLTR opened at £155.35 on Tuesday. The firm has a market capitalization of £27.23 billion, a PE ratio of 75.78, 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 has a 52-week low of £141.55 and a 52-week high of £237. The firm has a fifty day moving average of £173.27 and a 200 day moving average of £196.11.

About Flutter Entertainment

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