UBS Group Increases Flutter Entertainment (NYSE:FLUT) Price Target to $340.00

Flutter Entertainment (NYSE:FLUT - Get Free Report) had its target price boosted by equities research analysts at UBS Group from $335.00 to $340.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price target would indicate a potential upside of 37.08% from the company's previous close.

Several other brokerages have also commented on FLUT. Susquehanna decreased their price objective on shares of Flutter Entertainment from $317.00 to $315.00 and set a "positive" rating on the stock in a report on Wednesday. BTIG Research set a $323.00 target price on shares of Flutter Entertainment in a research note on Monday, February 3rd. Barclays upped their target price on shares of Flutter Entertainment from $301.00 to $308.00 and gave the stock an "overweight" rating in a research note on Wednesday. Benchmark upped their target price on shares of Flutter Entertainment from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Needham & Company LLC upped their target price on shares of Flutter Entertainment from $300.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday. Eighteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $311.41.

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Flutter Entertainment Trading Down 3.6 %

Shares of FLUT stock traded down $9.19 during trading hours on Thursday, hitting $248.02. The company had a trading volume of 3,095,753 shares, compared to its average volume of 1,588,790. The company's fifty day moving average is $267.23 and its 200 day moving average is $251.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. Flutter Entertainment has a fifty-two week low of $174.03 and a fifty-two week high of $299.73. The stock has a market capitalization of $44.02 billion and a PE ratio of 1,127.38.

Institutional Trading of Flutter Entertainment

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in shares of Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after acquiring an additional 82 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Flutter Entertainment in the 4th quarter worth $25,000. Raleigh Capital Management Inc. acquired a new stake in shares of Flutter Entertainment in the 4th quarter worth $26,000. BOCHK Asset Management Ltd acquired a new stake in shares of Flutter Entertainment in the 4th quarter worth $26,000. Finally, IFP Advisors Inc lifted its stake in shares of Flutter Entertainment by 244.1% in the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after acquiring an additional 83 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.