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

Shares of Flutter Entertainment plc (NYSE:FLUT) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $87.98.

A number of research firms have recently commented on FLUT. Barclays raised shares of Flutter Entertainment from an “equal weight” rating to an “overweight” rating in a report on Tuesday, February 27th. JMP Securities reaffirmed a “market outperform” rating on shares of Flutter Entertainment in a report on Monday, April 1st. JPMorgan Chase & Co. raised shares of Flutter Entertainment from a “neutral” rating to an “overweight” rating in a report on Wednesday, March 13th. Finally, Wells Fargo & Company began coverage on shares of Flutter Entertainment in a report on Thursday, April 4th. They set an “equal weight” rating for the company.

Hedge Funds Weigh In On Flutter Entertainment

Several institutional investors have recently added to or reduced their stakes in the company. Financial Perspectives Inc bought a new position in Flutter Entertainment during the 1st quarter valued at about $102,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Flutter Entertainment during the 1st quarter valued at about $70,371,000. Allspring Global Investments Holdings LLC bought a new position in Flutter Entertainment during the 1st quarter valued at about $7,319,000. Finally, Artemis Investment Management LLP bought a new position in Flutter Entertainment during the 1st quarter valued at about $29,611,000. 0.01% of the stock is owned by institutional investors.

Flutter Entertainment Stock Performance

NYSE FLUT opened at $183.55 on Wednesday. The company’s fifty day moving average is $196.40 and its two-hundred day moving average is $124.20. Flutter Entertainment has a 52-week low of $148.00 and a 52-week high of $226.40.

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.