Flutter Entertainment plc (NYSE:FLUT) Given Average Recommendation of “Buy” by Brokerages

Flutter Entertainment plc (NYSE:FLUT) has been assigned a consensus rating of “Buy” from the nineteen ratings firms that are covering the firm, Marketbeat.com reports. Eighteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $311.41.

A number of analysts have weighed in on FLUT shares. Craig Hallum increased their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. JMP Securities raised their price objective on shares of Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Benchmark raised their price objective on shares of Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group raised their price objective on shares of Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Susquehanna reduced their price objective on shares of Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday.

Hedge Funds Weigh In On Flutter Entertainment

Large investors have recently bought and sold shares of the stock. Jennison Associates LLC bought a new position in Flutter Entertainment during the 4th quarter valued at $239,306,000. Vestcor Inc bought a new position in Flutter Entertainment during the 3rd quarter valued at $815,000. DJE Kapital AG bought a new position in Flutter Entertainment during the 4th quarter valued at $442,000. Benson Investment Management Company Inc. bought a new position in Flutter Entertainment during the 4th quarter valued at $5,116,000. Finally, Sanctuary Advisors LLC bought a new position in Flutter Entertainment during the 3rd quarter valued at $802,000.

Flutter Entertainment Stock Performance

NYSE:FLUT opened at $248.02 on Friday. The company has a market capitalization of $44.02 billion and a PE ratio of 1,127.38. The company has a 50 day simple moving average of $267.23 and a two-hundred day simple moving average of $251.02. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment has a fifty-two week low of $174.03 and a fifty-two week high of $299.73.

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.