Flutter Entertainment plc (NYSE:FLUT) Receives $305.38 Consensus PT from Brokerages

Flutter Entertainment plc (NYSE:FLUT) has been assigned an average recommendation of “Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat.com reports. Seventeen investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $305.38.

Several brokerages have weighed in on FLUT. BTIG Research raised their price objective on Flutter Entertainment from $249.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Craig Hallum lifted their price objective on Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Oppenheimer lifted their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Macquarie started coverage on Flutter Entertainment in a report on Wednesday, December 11th. They set an “outperform” rating and a $340.00 target price for the company. Finally, Susquehanna reduced their target price on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a report on Wednesday, January 8th.

Institutional Trading of Flutter Entertainment

Several institutional investors and hedge funds have recently modified their holdings of FLUT. Farther Finance Advisors LLC boosted its position in shares of 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 acquiring an additional 82 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Flutter Entertainment in the fourth quarter worth $25,000. Raleigh Capital Management Inc. bought a new stake in Flutter Entertainment in the fourth quarter worth $26,000. BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment in the fourth quarter worth $26,000. Finally, IFP Advisors Inc raised its holdings in Flutter Entertainment by 244.1% during the 4th 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 period.

Flutter Entertainment Stock Up 1.3 %

Shares of FLUT opened at $282.14 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average is $265.09 and its 200 day moving average is $241.64. Flutter Entertainment has a 12-month low of $174.03 and a 12-month high of $284.79.

Flutter Entertainment Company Profile

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.