Flutter Entertainment plc (NYSE:FLUT) Given Consensus Rating of “Buy” by Brokerages

Flutter Entertainment plc (NYSE:FLUT) has earned an average rating of “Buy” from the sixteen analysts that are covering the stock, Marketbeat reports. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $298.79.

A number of analysts have commented on FLUT shares. Craig Hallum raised 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. Needham & Company LLC lifted their price objective on Flutter Entertainment from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Susquehanna upped their target price on Flutter Entertainment from $273.00 to $286.00 and gave the company a “positive” rating in a report on Wednesday, November 13th. UBS Group lifted their price target on Flutter Entertainment from $308.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays upped their price objective on shares of Flutter Entertainment from $275.00 to $301.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th.

Flutter Entertainment Price Performance

NYSE:FLUT opened at $273.28 on Thursday. Flutter Entertainment has a twelve month low of $150.65 and a twelve month high of $279.04. The company’s 50-day moving average price is $241.55 and its 200-day moving average price is $214.16.

Flutter Entertainment declared that its board has authorized a share buyback program on Wednesday, September 25th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to buy up to 11.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Flutter Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in shares of Flutter Entertainment during the second quarter worth $37,000. CWM LLC acquired a new position in Flutter Entertainment during the 2nd quarter worth about $40,000. US Bancorp DE lifted its stake in Flutter Entertainment by 71.7% during the 3rd quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after acquiring an additional 99 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Flutter Entertainment during the 3rd quarter valued at about $82,000. Finally, Hilltop National Bank acquired a new position in Flutter Entertainment in the 2nd quarter valued at about $101,000.

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.