Flutter Entertainment (OTCMKTS:PDYPY) Hits New 12-Month High Following Analyst Upgrade

Flutter Entertainment plc (OTCMKTS:PDYPY – Get Rating)’s stock price reached a new 52-week high during trading on Tuesday after Berenberg Bank raised their price target on the stock from £138 to £160. The stock traded as high as $86.12 and last traded at $85.99, with a volume of 8648 shares. The stock had previously closed at $83.53.

Several other analysts have also weighed in on PDYPY. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Flutter Entertainment from £151.47 ($184.61) to £161.16 ($196.42) in a research note on Wednesday, January 18th. JPMorgan Chase & Co. cut their price objective on Flutter Entertainment from £159 ($193.78) to £151 ($184.03) in a report on Friday, March 3rd. Craig Hallum initiated coverage on shares of Flutter Entertainment in a research note on Friday, January 27th. They issued a “buy” rating for the company. Jefferies Financial Group upped their price target on Flutter Entertainment from £129 ($157.22) to £150 ($182.82) in a report on Wednesday, November 16th. Finally, Morgan Stanley increased their target price on shares of Flutter Entertainment from £161 ($196.22) to £164 ($199.88) in a research report on Friday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15,723.20.

Flutter Entertainment Stock Up 2.9 %

The business has a 50 day moving average price of $79.07 and a 200 day moving average price of $69.67.

About Flutter Entertainment

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Flutter Entertainment Plc is engaged in the business of online betting and gaming. It operates through the following segments: PPB Online, Australia, PPB Retail, U.S, and Corporate. The PPB Online segment comprises of Paddy Power, Betfair, and Adjarabet brands. The Australia segment focuses on sports betting services provided to Australian customers using internet with a small proportion using the public telephony system.