Liberum Capital Lowers Flybe Group PLC (FLYB) Price Target to GBX 50
Flybe Group PLC (LON:FLYB) had its price target lowered by analysts at Liberum Capital from GBX 55 ($0.68) to GBX 50 ($0.62) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target would indicate a potential upside of 18.34% from the company’s previous close.
Separately, Numis Securities Ltd dropped their price target on shares of Flybe Group PLC from GBX 132 ($1.64) to GBX 100 ($1.24) and set a “buy” rating on the stock in a research note on Wednesday, July 27th.
Flybe Group PLC (LON:FLYB) opened at 42.5625 on Wednesday. The stock has a 50 day moving average of GBX 42.47 and a 200 day moving average of GBX 46.19. The company’s market cap is GBX 92.21 million. Flybe Group PLC has a 12-month low of GBX 29.90 and a 12-month high of GBX 94.50.
In other news, insider Simon T. Laffin bought 191,404 shares of the stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of GBX 39 ($0.48) per share, for a total transaction of £74,647.56 ($92,465.70).
Flybe Group PLC Company Profile
Flybe Group plc (Flybe) operates regional airline in Europe. The Company operates in two segments: Flybe UK, which comprises the Company’s main scheduled United Kingdom domestic and the United Kingdom-Europe passenger operations and revenue ancillary to the provision of those services, and Flybe Aviation Services (FAS), which focuses on providing aviation services to customers, largely in Western Europe.
Receive News & Stock Ratings for Flybe Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flybe Group PLC and related stocks with our FREE daily email newsletter.