Flutter Entertainment (LON:FLTR) Stock Rating Lowered by JPMorgan Chase & Co.

Flutter Entertainment (LON:FLTR) was downgraded by stock analysts at JPMorgan Chase & Co. to an “overweight” rating in a research note issued on Thursday,Digital Look reports. They presently have a £115 target price on the stock, down from their previous target price of £127. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 66.33% from the stock’s current price.

Other equities analysts have also issued reports about the company. Jefferies Financial Group reissued a “buy” rating and set a £160 price target on shares of Flutter Entertainment in a research note on Thursday, May 7th. Berenberg Bank reaffirmed a “buy” rating and issued a £129 price objective on shares of Flutter Entertainment in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their price objective on Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a report on Friday, January 23rd. Finally, Citigroup lowered shares of Flutter Entertainment to a “sell” rating and lowered their price objective for the company from £158 to GBX 6,800 in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of £147.50.

Flutter Entertainment Stock Down 0.5%

Shares of FLTR stock opened at GBX 6,914 on Thursday. The company’s fifty day simple moving average is GBX 7,849.78 and its two-hundred day simple moving average is £119.80. Flutter Entertainment has a 52 week low of GBX 6,722 and a 52 week high of £236.10. The stock has a market cap of £12.03 billion, a P/E ratio of -39.51, a PEG ratio of 1.76 and a beta of 1.15. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 142.42.

Insider Transactions at Flutter Entertainment

In related news, insider Carolan Lennon purchased 520 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of GBX 6,814 per share, with a total value of £35,432.80. Also, insider Peter Jackson sold 3,084 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of GBX 7,210, for a total value of £222,356.40. 3.03% of the stock is owned by corporate insiders.

Key Headlines Impacting Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Needham and Stifel Nicolaus both backed Flutter Entertainment with Buy ratings, suggesting analysts still see upside in the shares. Flutter Entertainment PLC (FLTR) Gets a Buy from Needham Flutter Entertainment PLC (FLTR) Gets a Buy from Stifel Nicolaus
• Positive Sentiment: Insider Carolan Lennon bought 520 shares, a move that can be read as management confidence in the company’s outlook. Flutter Entertainment stock insider purchase
• Neutral Sentiment: Berenberg reaffirmed its Buy rating, but JPMorgan lowered its target price and Kepler Capital issued a Hold, leaving analyst sentiment mixed overall. Broker views on Flutter Entertainment
• Neutral Sentiment: Jim Cramer’s comparison of Flutter Entertainment to DraftKings raised visibility, but it did not include a direct company-specific catalyst. Jim Cramer Compares Flutter Entertainment (FLUT) To DraftKings
• Negative Sentiment: Citi warned that Flutter’s U.S. profit targets may be too ambitious, raising concern that earnings expectations could be harder to deliver. Flutter’s US profit targets may be too good to be true, warns Citi
• Negative Sentiment: Kepler Capital’s new Hold rating suggests limited near-term upside, adding to caution around the recent weakness. Flutter Entertainment PLC (FLTR) Receives a Hold from Kepler Capital
• Negative Sentiment: Recent insider selling and attention to new 52-week lows have reinforced investor caution toward FLTR. Peter Jackson Sells 3,084 Shares of Flutter Entertainment (LON:FLTR) Stock Flutter Entertainment Hits New 52-Week Low Following Insider Selling

Flutter Entertainment Company Profile

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