Flutter Entertainment plc (NYSE:FLUT – Get Free Report) has received an average rating of “Buy” from the twenty analysts that are covering the stock, Marketbeat reports. Nineteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $311.41.
A number of equities research analysts have recently weighed in on FLUT shares. JMP Securities raised their price target on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, January 6th. Benchmark boosted their target price on shares of Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Peel Hunt upgraded Flutter Entertainment from a “hold” rating to an “add” rating in a research note on Monday, March 10th. Stifel Nicolaus initiated coverage on Flutter Entertainment in a research report on Friday, January 17th. They set a “buy” rating and a $320.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on Flutter Entertainment in a research report on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price for the company.
View Our Latest Analysis on FLUT
Insider Buying and Selling
Hedge Funds Weigh In On Flutter Entertainment
A number of institutional investors and hedge funds have recently made changes to their positions in FLUT. Harvest Fund Management Co. Ltd bought a new position in shares of Flutter Entertainment in the 4th quarter worth $25,000. Farther Finance Advisors LLC raised its holdings in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after buying an additional 82 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Flutter Entertainment in the fourth quarter valued at $26,000. BOCHK Asset Management Ltd bought a new position in shares of Flutter Entertainment in the fourth quarter valued at $26,000. Finally, IFP Advisors Inc grew its holdings in shares of Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after buying an additional 83 shares during the last quarter.
Flutter Entertainment Stock Performance
NYSE:FLUT opened at $237.19 on Friday. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The stock’s 50-day simple moving average is $264.74 and its 200 day simple moving average is $251.84. The firm has a market capitalization of $42.09 billion and a PE ratio of 1,078.13.
About Flutter Entertainment
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.
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