Flutter Entertainment (NYSE:FLUT) Price Target Raised to $335.00

Flutter Entertainment (NYSE:FLUT) had its price objective upped by UBS Group from $320.00 to $335.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also commented on FLUT. Stifel Nicolaus initiated coverage on Flutter Entertainment in a research report on Friday, January 17th. They issued a “buy” rating and a $320.00 target price on the stock. Wells Fargo & Company decreased their price objective on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. JMP Securities increased 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 note on Monday, January 6th. Oppenheimer boosted their target price on shares of Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of Flutter Entertainment in a research report on Wednesday, January 8th. Seventeen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $305.38.

Flutter Entertainment Stock Performance

Shares of FLUT stock opened at $271.96 on Tuesday. The business has a fifty day moving average of $266.61 and a 200 day moving average of $236.96. Flutter Entertainment has a 1 year low of $174.03 and a 1 year high of $284.79. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA purchased a new position in Flutter Entertainment in the 3rd quarter worth approximately $849,474,000. Bank of Montreal Can raised its stake 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 acquiring an additional 3,019,376 shares during the period. Cantillon Capital Management LLC increased its holdings in Flutter Entertainment by 3,827.8% in the 3rd quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock valued at $568,851,000 after purchasing an additional 2,336,347 shares during the last quarter. Marathon Asset Management Ltd acquired a new position in Flutter Entertainment during the third quarter worth $451,631,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Flutter Entertainment in the third quarter valued at $436,599,000.

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.