HSBC Upgrades Flybe Group PLC (FLYB) to “Buy”
Flybe Group PLC (LON:FLYB) was upgraded by stock analysts at HSBC to a “buy” rating in a note issued to investors on Friday. The firm currently has a GBX 55 ($0.69) price target on the stock, up from their prior price target of GBX 20 ($0.25). HSBC’s price target points to a potential upside of 25.00% from the stock’s previous close.
FLYB has been the subject of a number of other research reports. Liberum Capital cut their price target on shares of Flybe Group PLC from GBX 55 ($0.69) to GBX 50 ($0.62) and set a “buy” rating for the company in a report on Wednesday, November 9th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 100 ($1.25) price target on shares of Flybe Group PLC in a report on Wednesday, November 9th.
Flybe Group PLC (LON:FLYB) opened at 44.00 on Friday. Flybe Group PLC has a 12-month low of GBX 29.90 and a 12-month high of GBX 94.50. The firm’s market capitalization is GBX 95.33 million. The firm has a 50-day moving average of GBX 41.09 and a 200 day moving average of GBX 45.49.
In related news, insider Simon T. Laffin purchased 191,404 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was acquired at an average price of GBX 39 ($0.49) per share, for a total transaction of £74,647.56 ($93,262.82).
About Flybe Group PLC
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.
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