Flutter Entertainment (NYSE:FLUT) Given New $308.00 Price Target at Barclays

Flutter Entertainment (NYSE:FLUT) had its price target raised by Barclays from $301.00 to $308.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also commented on the stock. BTIG Research set a $323.00 price target on shares of Flutter Entertainment in a report on Monday, February 3rd. The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a report on Friday, November 22nd. They issued a “buy” rating and a $320.00 target price on the stock. Wells Fargo & Company dropped their target price 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. JMP Securities boosted their target price on shares of Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Finally, Truist Financial started coverage on shares of Flutter Entertainment in a report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 target price on the stock. Eighteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $311.12.

Flutter Entertainment Stock Performance

Shares of NYSE:FLUT opened at $271.43 on Wednesday. The firm’s fifty day moving average is $267.55 and its 200-day moving average is $250.70. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66. Flutter Entertainment has a 52 week low of $174.03 and a 52 week high of $299.73.

Institutional Investors Weigh In On Flutter Entertainment

Institutional investors have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its position in shares of Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company’s stock valued at $25,000 after acquiring an additional 82 shares during the period. Raleigh Capital Management Inc. bought a new position in shares of Flutter Entertainment during the 4th quarter valued at approximately $26,000. BOCHK Asset Management Ltd purchased a new stake in shares of Flutter Entertainment during the 4th quarter valued at approximately $26,000. Finally, IFP Advisors Inc lifted its stake in shares of Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company’s stock valued at $31,000 after buying an additional 83 shares in the last quarter.

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.