Barclays Raises Flutter Entertainment (NYSE:FLUT) Price Target to $308.00

Flutter Entertainment (NYSE:FLUT) had its price objective upped by Barclays from $301.00 to $308.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

FLUT has been the topic of a number of other research reports. Stifel Nicolaus began coverage on shares of Flutter Entertainment in a report on Friday, January 17th. They issued a “buy” rating and a $320.00 price target on the stock. Craig Hallum increased their price target on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wells Fargo & Company decreased their price target on shares of Flutter Entertainment from $300.00 to $285.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Macquarie started coverage on shares of Flutter Entertainment in a report on Wednesday, December 11th. They issued an “outperform” rating and a $340.00 price target on the stock. Finally, BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a report on Monday, February 3rd. Eighteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $311.12.

Flutter Entertainment Price Performance

NYSE FLUT opened at $271.43 on Wednesday. Flutter Entertainment has a 1 year low of $174.03 and a 1 year high of $299.73. 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’s 50 day simple moving average is $267.55 and its two-hundred day simple moving average is $250.70.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of Flutter Entertainment in the 4th quarter worth about $25,000. Farther Finance Advisors LLC boosted its stake in Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock worth $25,000 after acquiring an additional 82 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in Flutter Entertainment during the fourth quarter worth about $26,000. BOCHK Asset Management Ltd bought a new stake in Flutter Entertainment during the fourth quarter worth about $26,000. Finally, IFP Advisors Inc lifted its stake in shares of Flutter Entertainment by 244.1% in the fourth quarter. IFP Advisors Inc now owns 117 shares of the company’s stock worth $31,000 after buying an additional 83 shares in the last quarter.

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.