UBS Group Increases Flutter Entertainment (NYSE:FLUT) Price Target to $335.00

Flutter Entertainment (NYSE:FLUT) had its price objective raised by analysts at UBS Group from $320.00 to $335.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 24.70% from the stock’s previous close.

A number of other brokerages have also weighed in on FLUT. The Goldman Sachs Group began coverage on shares of Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 price objective for the company. Wells Fargo & Company lowered their price target on Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Bank of America began coverage on Flutter Entertainment in a report on Monday, October 14th. They issued a “buy” rating and a $300.00 price objective for the company. Craig Hallum raised their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Macquarie began coverage on shares of Flutter Entertainment in a research note on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target for the company. Seventeen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $305.38.

Flutter Entertainment Stock Up 0.4 %

NYSE:FLUT opened at $268.64 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment has a fifty-two week low of $174.03 and a fifty-two week high of $284.79. The firm has a 50-day simple moving average of $266.50 and a two-hundred day simple moving average of $236.73.

Institutional Investors Weigh In On Flutter Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vestcor Inc purchased a new stake in shares of Flutter Entertainment in the third quarter worth $815,000. Benson Investment Management Company Inc. bought a new stake in Flutter Entertainment during the fourth quarter valued at about $5,116,000. Sanctuary Advisors LLC purchased a new position in shares of Flutter Entertainment in the third quarter valued at about $802,000. Raymond James & Associates boosted its stake in shares of Flutter Entertainment by 10.0% in the third quarter. Raymond James & Associates now owns 18,348 shares of the company’s stock worth $4,354,000 after acquiring an additional 1,663 shares during the period. Finally, Geode Capital Management LLC purchased a new stake in shares of Flutter Entertainment during the third quarter worth about $436,599,000.

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.