Flybe Group PLC (FLYB) Given Hold Rating at Numis Securities Ltd
Flybe Group PLC (LON:FLYB)‘s stock had its “hold” rating reiterated by Numis Securities Ltd in a report released on Thursday, July 27th. They currently have a GBX 35 ($0.45) target price on the stock. Numis Securities Ltd’s price objective points to a potential downside of 13.04% from the company’s current price.
A number of other analysts also recently weighed in on FLYB. Liberum Capital reiterated a “buy” rating and issued a GBX 50 ($0.65) price target on shares of Flybe Group PLC in a research report on Monday, June 12th. HSBC Holdings plc cut their price target on shares of Flybe Group PLC from GBX 55 ($0.71) to GBX 50 ($0.65) and set a “buy” rating on the stock in a research report on Tuesday, April 4th.
Flybe Group PLC (FLYB) traded up 2.48% on Thursday, hitting GBX 41.25. 81,859 shares of the stock traded hands. Flybe Group PLC has a 12-month low of GBX 29.90 and a 12-month high of GBX 56.75. The stock’s market capitalization is GBX 89.37 million. The company’s 50 day moving average price is GBX 37.34 and its 200-day moving average price is GBX 40.30.
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In other Flybe Group PLC news, insider Luke Farajallah bought 70,771 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was acquired at an average cost of GBX 35 ($0.45) per share, with a total value of £24,769.85 ($32,156.11). Also, insider Christine Ourmieres-Widener purchased 100,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were acquired at an average cost of GBX 35 ($0.45) per share, with a total value of £35,000 ($45,436.84).
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.
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