Flutter Entertainment (NYSE:FLUT) Given New $340.00 Price Target at UBS Group

Flutter Entertainment (NYSE:FLUT) had its price objective boosted by UBS Group from $335.00 to $340.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

FLUT has been the subject of a number of other research reports. Truist Financial initiated coverage on shares of Flutter Entertainment in a research report on Wednesday, February 26th. They set a “buy” rating and a $330.00 target price for the company. Craig Hallum raised their price objective on shares of Flutter Entertainment from $275.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. BTIG Research set a $323.00 price objective on shares of Flutter Entertainment in a research report on Monday, February 3rd. Susquehanna reduced their price objective on shares of Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group started coverage on shares of Flutter Entertainment in a research report on Friday, November 22nd. They set a “buy” rating and a $320.00 price objective for the company. Eighteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $311.41.

Flutter Entertainment Stock Performance

NYSE:FLUT opened at $256.96 on Thursday. The company has a 50 day simple moving average of $267.50 and a two-hundred day simple moving average of $250.75. 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.

Institutional Trading of Flutter Entertainment

Several hedge funds have recently bought and sold shares of FLUT. Jennison Associates LLC bought a new position in Flutter Entertainment during the 4th quarter valued at $239,306,000. Vestcor Inc bought a new position in Flutter Entertainment during the 3rd quarter valued at $815,000. DJE Kapital AG bought a new position in Flutter Entertainment during the 4th quarter valued at $442,000. Benson Investment Management Company Inc. bought a new position in Flutter Entertainment during the 4th quarter valued at $5,116,000. Finally, Sanctuary Advisors LLC bought a new position in Flutter Entertainment during the 3rd quarter valued at $802,000.

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.