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

Shares of Flutter Entertainment plc (NYSE:FLUT) have been given an average recommendation of “Buy” by the eighteen analysts that are covering the firm, Marketbeat Ratings reports. Seventeen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $305.38.

A number of equities research analysts have commented on FLUT shares. JMP Securities raised their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, January 6th. Susquehanna decreased their price objective on Flutter Entertainment from $322.00 to $317.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group started coverage on Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 price objective for the company. Craig Hallum raised their price objective on Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Barclays raised their price objective on Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th.

Flutter Entertainment Stock Up 5.9 %

Shares of NYSE FLUT opened at $298.88 on Tuesday. Flutter Entertainment has a one year low of $174.03 and a one 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. The business has a 50-day moving average price of $265.51 and a two-hundred day moving average price of $243.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLUT. Harvest Fund Management Co. Ltd bought a new position in shares of Flutter Entertainment in the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC increased its position in Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after buying an additional 82 shares during the period. Raleigh Capital Management Inc. bought a new position in Flutter Entertainment in the 4th quarter worth approximately $26,000. BOCHK Asset Management Ltd bought a new position in Flutter Entertainment in the 4th quarter worth approximately $26,000. Finally, IFP Advisors Inc increased its position in Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after buying an additional 83 shares during the period.

About Flutter Entertainment

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.