Investment analysts at JPMorgan Chase & Co. have reaffirmed an “overweight” rating for Flutter Entertainment (LON:FLTR) in a report published on November 13, 2023. This confirmation comes as part of a broader analysis of Flutter’s stock, which has attracted attention from various financial institutions.
In recent evaluations, several analysts have adjusted their price targets for Flutter Entertainment. Deutsche Bank Aktiengesellschaft lowered its target price from £237.53 to £202 while maintaining a “buy” rating. Similarly, Citigroup reduced its price target from £268 to £254, also issuing a “buy” recommendation.
Additionally, Peel Hunt reaffirmed a “hold” rating with a target price set at £223. Meanwhile, Berenberg Bank adjusted its price objective from £247 to £242, sustaining a “buy” rating for the company. As a result of these assessments, Flutter Entertainment currently holds a consensus rating of “Moderate Buy” from analysts, with an average target price of £238.40, according to MarketBeat.
Market Performance and Financial Metrics
On November 13, shares of Flutter Entertainment opened at £146.70, reflecting a decrease of 0.4%. The stock has experienced considerable fluctuations over the past year, with a low of £141.55 and a high of £237. The company’s average moving prices over the last 50 days and 200 days stand at £186.62 and £198.95, respectively.
Financially, Flutter Entertainment maintains a market capitalization of £25.71 billion. Its debt-to-equity ratio is reported at 73.74, with a current ratio of 0.90 and a quick ratio of 0.70. The stock carries a price-to-earnings (PE) ratio of 71.56 and a price-to-earnings-growth (PEG) ratio of 1.76. The company’s beta is noted at 1.24, indicating its volatility in the market.
The ongoing interest in Flutter Entertainment underscores its position as a leading player in the online sports betting and gaming sector. As the world’s largest operator in this domain, Flutter boasts a portfolio of globally recognized brands, further solidifying its market presence.
Continued tracking of Flutter Entertainment’s stock performance will be essential, particularly as the company navigates a competitive landscape and responds to analysts’ varying outlooks.
