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

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its price objective increased by Barclays from $301.00 to $308.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 15.50% from the stock's previous close.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price target on Flutter Entertainment from $300.00 to $285.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Craig Hallum increased their target price on Flutter Entertainment from $275.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Stifel Nicolaus initiated coverage on Flutter Entertainment in a report on Friday, January 17th. They issued a "buy" rating and a $320.00 price target for the company. The Goldman Sachs Group assumed coverage on Flutter Entertainment in a research note on Friday, November 22nd. They set a "buy" rating and a $320.00 price objective on the stock. Finally, Macquarie assumed coverage on Flutter Entertainment in a report on Wednesday, December 11th. They set an "outperform" rating and a $340.00 price target on the stock. Eighteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $308.88.

Flutter Entertainment Stock Up 0.2 %

Shares of FLUT opened at $266.67 on Wednesday. Flutter Entertainment has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The firm's 50 day moving average price is $267.35 and its 200 day moving average price is $250.56. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66.

Institutional Investors Weigh In On Flutter Entertainment

Several institutional investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC boosted its position in shares of Flutter Entertainment by 64.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 128 shares of the company's stock valued at $33,000 after acquiring an additional 50 shares during the period. UMB Bank n.a. grew its holdings in shares of Flutter Entertainment by 58.8% in the fourth quarter. UMB Bank n.a. now owns 135 shares of the company's stock worth $35,000 after purchasing an additional 50 shares during the last quarter. Seelaus Asset Management LLC boosted its holdings in shares of Flutter Entertainment by 6.4% during the fourth quarter. Seelaus Asset Management LLC now owns 914 shares of the company's stock worth $236,000 after purchasing an additional 55 shares during the period. Ritholtz Wealth Management lifted its holdings in Flutter Entertainment by 3.5% in the 4th quarter. Ritholtz Wealth Management now owns 1,725 shares of the company's stock worth $446,000 after buying an additional 59 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Flutter Entertainment by 585.7% during the fourth quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock valued at $25,000 after buying an additional 82 shares during the period.

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.

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