Flutter Entertainment plc (NYSE:FLUT) Receives Consensus Rating of “Buy” from Brokerages

Shares of Flutter Entertainment plc (NYSE:FLUT) have been assigned a consensus recommendation of “Buy” from the eighteen research firms that are covering the stock, MarketBeat reports. Seventeen investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $305.38.

A number of research firms have weighed in on FLUT. Craig Hallum upped their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. 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. Wells Fargo & Company lowered their target price on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. UBS Group raised their price target on Flutter Entertainment from $320.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, Oppenheimer boosted their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th.

Institutional Investors Weigh In On Flutter Entertainment

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 82 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of Flutter Entertainment in the fourth quarter worth approximately $26,000. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment in the fourth quarter worth $26,000. IFP Advisors Inc increased its stake in shares of Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after purchasing an additional 83 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Flutter Entertainment by 64.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 128 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the period.

Flutter Entertainment Stock Performance

Flutter Entertainment stock opened at $269.07 on Tuesday. The firm’s 50 day simple moving average is $265.54 and its 200 day simple moving average is $240.36. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment has a 1-year low of $174.03 and a 1-year 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.