Flutter Entertainment plc (NYSE:FLUT) Receives Consensus Rating of “Buy” from Analysts

Flutter Entertainment plc (NYSE:FLUT) has been assigned a consensus rating of “Buy” from the sixteen brokerages that are covering the firm, MarketBeat Ratings reports. Fifteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $298.79.

FLUT has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Flutter Entertainment from $275.00 to $301.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Craig Hallum raised their price target on Flutter Entertainment from $275.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Bank of America assumed coverage on Flutter Entertainment in a research report on Monday, October 14th. They set a “buy” rating and a $300.00 price objective for the company. Morgan Stanley started coverage on shares of Flutter Entertainment in a report on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on Flutter Entertainment from $295.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th.

Institutional Trading of Flutter Entertainment

Several institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new stake in Flutter Entertainment during the 2nd quarter worth approximately $37,000. CWM LLC bought a new stake in shares of Flutter Entertainment during the second quarter worth $40,000. US Bancorp DE grew its holdings in shares of Flutter Entertainment by 71.7% during the third quarter. US Bancorp DE now owns 237 shares of the company’s stock worth $56,000 after purchasing an additional 99 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Flutter Entertainment in the third quarter valued at $82,000. Finally, Hilltop National Bank acquired a new position in Flutter Entertainment during the 2nd quarter worth about $101,000.

Flutter Entertainment Stock Up 0.6 %

Shares of Flutter Entertainment stock opened at $277.86 on Thursday. Flutter Entertainment has a 12 month low of $152.77 and a 12 month high of $279.04. The firm’s fifty day simple moving average is $244.29 and its 200-day simple moving average is $215.69.

Flutter Entertainment declared that its board has approved a share repurchase program on Wednesday, September 25th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to repurchase up to 11.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

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.