UBS Group Issues Positive Forecast for Flutter Entertainment (NYSE:FLUT) Stock Price

Flutter Entertainment (NYSE:FLUT) had its price target raised by equities research analysts at UBS Group from $320.00 to $335.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 25.77% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC restated a “buy” rating and set a $300.00 target price on shares of Flutter Entertainment in a research note on Wednesday, January 8th. Benchmark increased their price objective on Flutter Entertainment from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. JMP Securities increased their price objective on Flutter Entertainment from $299.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, January 6th. Oppenheimer increased their price objective on Flutter Entertainment from $300.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Bank of America began coverage on shares of Flutter Entertainment in a research report on Monday, October 14th. They set a “buy” rating and a $300.00 price target on the stock. Seventeen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Flutter Entertainment presently has an average rating of “Buy” and a consensus target price of $305.38.

Flutter Entertainment Price Performance

NYSE FLUT opened at $266.35 on Tuesday. The business has a fifty day moving average price of $266.52 and a two-hundred day moving average price of $235.90. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment has a fifty-two week low of $174.03 and a fifty-two week high of $284.79.

Hedge Funds Weigh In On Flutter Entertainment

A number of hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Flutter Entertainment during the third quarter valued at about $849,474,000. Bank of Montreal Can boosted its stake in Flutter Entertainment by 868.5% during the third quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock worth $798,927,000 after acquiring an additional 3,019,376 shares in the last quarter. Cantillon Capital Management LLC boosted its stake in Flutter Entertainment by 3,827.8% during the third quarter. Cantillon Capital Management LLC now owns 2,397,384 shares of the company’s stock worth $568,851,000 after acquiring an additional 2,336,347 shares in the last quarter. Marathon Asset Management Ltd bought a new stake in Flutter Entertainment during the third quarter worth about $451,631,000. Finally, Geode Capital Management LLC bought a new stake in Flutter Entertainment during the third quarter worth about $436,599,000.

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.