Flutter Entertainment (NYSE:FLUT) Raised to “Add” at Peel Hunt

Flutter Entertainment (NYSE:FLUT) was upgraded by research analysts at Peel Hunt from a “hold” rating to an “add” rating in a report released on Monday,Briefing.com Automated Import reports.

Several other research firms have also recently weighed in on FLUT. Benchmark boosted their price objective on shares of Flutter Entertainment from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Susquehanna dropped their target price on Flutter Entertainment from $317.00 to $315.00 and set a “positive” rating for the company in a research report on Wednesday, March 5th. Barclays raised their price target on Flutter Entertainment from $301.00 to $308.00 and gave the company an “overweight” rating in a report on Wednesday, March 5th. UBS Group boosted their price objective on Flutter Entertainment from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Truist Financial started coverage on Flutter Entertainment in a research report on Wednesday, February 26th. They issued a “buy” rating and a $330.00 price target on the stock. Nineteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Flutter Entertainment currently has an average rating of “Buy” and an average price target of $311.41.

Flutter Entertainment Price Performance

FLUT traded down $12.57 during midday trading on Monday, hitting $235.69. The company had a trading volume of 310,805 shares, compared to its average volume of 1,554,924. Flutter Entertainment has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a market capitalization of $41.83 billion and a PE ratio of 1,070.51. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50-day simple moving average is $267.23 and its 200-day simple moving average is $251.64.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Parvus Asset Management Europe Ltd bought a new position in Flutter Entertainment in the fourth quarter valued at $2,146,227,000. Norges Bank bought a new position in shares of Flutter Entertainment in the 4th quarter valued at about $946,681,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Flutter Entertainment during the 3rd quarter worth about $849,474,000. Bank of Montreal Can raised its holdings in shares of Flutter Entertainment by 868.5% in the 3rd quarter. Bank of Montreal Can now owns 3,367,022 shares of the company’s stock valued at $798,927,000 after purchasing an additional 3,019,376 shares during the period. Finally, Invesco Ltd. acquired a new stake in Flutter Entertainment in the 4th quarter valued at about $621,680,000.

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.