Flutter Entertainment (OTCMKTS:PDYPY) Hits New 52-Week High at $78.08

Flutter Entertainment plc (OTCMKTS:PDYPY – Get Rating) hit a new 52-week high on Friday . The company traded as high as $78.08 and last traded at $78.08, with a volume of 10808 shares. The stock had previously closed at $76.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Redburn Partners assumed coverage on Flutter Entertainment in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on Flutter Entertainment from £151.47 ($184.83) to £161.16 ($196.66) in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on Flutter Entertainment from £148 ($180.60) to £161 ($196.46) in a report on Wednesday, November 30th. Jefferies Financial Group upped their price objective on Flutter Entertainment from £129 ($157.41) to £150 ($183.04) in a report on Wednesday, November 16th. Finally, Exane BNP Paribas assumed coverage on Flutter Entertainment in a report on Thursday, October 6th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15,523.20.

Flutter Entertainment Price Performance

The firm has a fifty day simple moving average of $71.77 and a two-hundred day simple moving average of $62.62.

About Flutter Entertainment

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Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.