Flutter Entertainment plc (NYSE:FLUT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Flutter Entertainment plc (NYSE:FLUT) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $219.87.

Several brokerages recently commented on FLUT. Susquehanna cut their target price on Flutter Entertainment from $249.00 to $235.00 and set a “positive” rating on the stock in a research report on Thursday, May 30th. JPMorgan Chase & Co. upgraded Flutter Entertainment from a “neutral” rating to an “overweight” rating in a research report on Wednesday, March 13th. Benchmark restated a “buy” rating and set a $255.00 target price on shares of Flutter Entertainment in a research report on Wednesday, May 15th. BTIG Research upped their target price on Flutter Entertainment from $242.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. Finally, Moffett Nathanson initiated coverage on Flutter Entertainment in a report on Monday, May 6th. They issued a “buy” rating and a $240.00 price target on the stock.

Flutter Entertainment Stock Performance

Shares of Flutter Entertainment stock opened at $195.16 on Monday. Flutter Entertainment has a one year low of $148.00 and a one year high of $226.40. The stock’s 50-day moving average is $193.25 and its 200 day moving average is $167.08.

Institutional Trading of Flutter Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Artemis Investment Management LLP purchased a new stake in shares of Flutter Entertainment in the first quarter worth approximately $29,611,000. Assenagon Asset Management S.A. purchased a new stake in shares of Flutter Entertainment in the first quarter worth approximately $1,115,000. Retirement Systems of Alabama purchased a new stake in shares of Flutter Entertainment in the first quarter worth approximately $9,024,000. V Square Quantitative Management LLC purchased a new stake in shares of Flutter Entertainment in the first quarter worth approximately $67,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Flutter Entertainment in the first quarter worth approximately $419,000.

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.