Flutter Entertainment plc (NYSE:FLUT) Receives $87.98 Average Price Target from Brokerages

Flutter Entertainment plc (NYSE:FLUT) has received a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $87.98.

A number of equities research analysts have recently issued reports on the stock. JMP Securities restated a “market outperform” rating on shares of Flutter Entertainment in a research note on Monday, April 1st. Barclays upgraded shares of Flutter Entertainment from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 27th. Wells Fargo & Company assumed coverage on shares of Flutter Entertainment in a research note on Thursday, April 4th. They issued an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 13th.

Institutional Investors Weigh In On Flutter Entertainment

A number of institutional investors have recently modified their holdings of the business. Financial Perspectives Inc bought a new stake in shares of Flutter Entertainment during the 1st quarter valued at about $102,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Flutter Entertainment during the 1st quarter valued at about $7,319,000. Artemis Investment Management LLP bought a new stake in shares of Flutter Entertainment during the 1st quarter valued at about $29,611,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Flutter Entertainment in the 1st quarter worth about $70,371,000. Institutional investors own 0.01% of the company’s stock.

Flutter Entertainment Trading Up 0.0 %

Shares of FLUT stock opened at $183.55 on Wednesday. Flutter Entertainment has a 12 month low of $148.00 and a 12 month high of $226.40. The company’s fifty day moving average price is $196.40 and its two-hundred day moving average price is $124.20.

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.