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

Flutter Entertainment (NYSE:FLUT) had its target price upped by research analysts at UBS Group from $335.00 to $340.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 29.80% from the stock’s current price.

FLUT has been the topic of several other reports. Craig Hallum increased their target price on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. BTIG Research set a $323.00 price objective on Flutter Entertainment in a report on Monday, February 3rd. Barclays upped their target price on shares of Flutter Entertainment from $301.00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday. Truist Financial assumed coverage on Flutter Entertainment in a research note on Wednesday, February 26th. They set a “buy” rating and a $330.00 price objective on the stock. Finally, Oppenheimer increased their price target on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Eighteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $311.41.

Flutter Entertainment Stock Down 3.0 %

NYSE:FLUT traded down $8.03 during mid-day trading on Thursday, hitting $261.94. 445,809 shares of the company’s stock traded hands, compared to its average volume of 1,502,768. 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 company has a fifty day moving average of $267.55 and a 200 day moving average of $250.70. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $299.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FLUT. Parvus Asset Management Europe Ltd purchased a new position in Flutter Entertainment in the fourth quarter valued at approximately $2,146,227,000. Norges Bank acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at $946,681,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Flutter Entertainment in the 3rd quarter valued at $849,474,000. Bank of Montreal Can grew its position in shares of Flutter Entertainment by 868.5% in the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after buying an additional 3,019,376 shares during the last quarter. Finally, Invesco Ltd. acquired a new stake in Flutter Entertainment during the 4th quarter worth $621,680,000.

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.