UBS Group Increases Flutter Entertainment (NYSE:FLUT) Price Target to $340.00

Flutter Entertainment (NYSE:FLUTGet Free Report) had its target price hoisted by equities researchers at UBS Group from $335.00 to $340.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 37.08% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Susquehanna reduced their price objective on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a report on Wednesday. JMP Securities boosted their price target on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, January 6th. Macquarie reissued an “outperform” rating and issued a $340.00 price target on shares of Flutter Entertainment in a report on Wednesday. Benchmark boosted their price target on Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Oppenheimer boosted their price target on Flutter Entertainment from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Eighteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $311.41.

View Our Latest Report on Flutter Entertainment

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $248.02 on Thursday. The stock has a fifty day moving average price of $267.23 and a 200 day moving average price of $251.02. The stock has a market cap of $44.02 billion and a PE ratio of 1,127.38. Flutter Entertainment has a 1 year low of $174.03 and a 1 year high of $299.73. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89.

Institutional Investors Weigh In On Flutter Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLUT. Capital World Investors boosted its position in shares of Flutter Entertainment by 11.9% in the fourth quarter. Capital World Investors now owns 15,426,515 shares of the company’s stock worth $3,986,968,000 after buying an additional 1,635,241 shares during the period. Vanguard Group Inc. lifted its holdings in Flutter Entertainment by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 9,591,786 shares of the company’s stock worth $2,479,812,000 after buying an additional 299,300 shares during the last quarter. Parvus Asset Management Europe Ltd acquired a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $2,146,227,000. Norges Bank acquired a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $946,681,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Flutter Entertainment during the 3rd quarter worth approximately $849,474,000.

Flutter Entertainment Company Profile

(Get Free Report)

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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