Brokerages Set Flutter Entertainment plc (NYSE:FLUT) PT at $87.98

Flutter Entertainment plc (NYSE:FLUT) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $87.98.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Flutter Entertainment from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 13th. Wells Fargo & Company began coverage on shares of Flutter Entertainment in a report on Thursday, April 4th. They set an “equal weight” rating on the stock. Barclays upgraded shares of Flutter Entertainment from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 27th. Finally, JMP Securities restated a “market outperform” rating on shares of Flutter Entertainment in a report on Monday, April 1st.

Flutter Entertainment Trading Up 2.7 %

Shares of Flutter Entertainment stock opened at $189.89 on Wednesday. Flutter Entertainment has a 1 year low of $148.00 and a 1 year high of $226.40. The firm’s 50-day moving average is $199.74 and its two-hundred day moving average is $126.31.

Institutional Trading of Flutter Entertainment

A number of institutional investors have recently modified their holdings of FLUT. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Flutter Entertainment in the 1st quarter worth approximately $70,371,000. Artemis Investment Management LLP acquired a new stake in Flutter Entertainment in the 1st quarter worth approximately $29,611,000. Allspring Global Investments Holdings LLC acquired a new stake in Flutter Entertainment in the 1st quarter worth approximately $7,319,000. Arthur M. Cohen & Associates LLC acquired a new stake in Flutter Entertainment in the 1st quarter worth approximately $282,000. Finally, Financial Perspectives Inc acquired a new stake in Flutter Entertainment in the 1st quarter worth approximately $102,000. 0.01% of the stock is currently owned by institutional investors.

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.