J.P. Morgan Sticks to Their Buy Rating for Flutter Entertainment PLC (FLTR)

J.P. Morgan analyst Estelle Weingrod maintained a Buy rating on Flutter Entertainment PLC today and set a price target of £271.00. The company’s shares opened today at p18,555.00.

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Weingrod covers the Consumer Cyclical sector, focusing on stocks such as Flutter Entertainment PLC, InterContinental Hotels, and 888 Holdings. According to TipRanks, Weingrod has an average return of 0.2% and a 44.35% success rate on recommended stocks.

In addition to J.P. Morgan, Flutter Entertainment PLC also received a Buy from Oppenheimer’s Jed Kelly in a report issued yesterday. However, on the same day, Bernstein maintained a Hold rating on Flutter Entertainment PLC (LSE: FLTR).

Based on Flutter Entertainment PLC’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p4.19 billion and a net profit of p25 million. In comparison, last year the company earned a revenue of p3.61 billion and had a net profit of p261 million

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLTR in relation to earlier this year.