Flybe Group PLC Receives “Overweight” Rating from HSBC (FLYB)
Flybe Group PLC (LON:FLYB)‘s stock had its “overweight” rating restated by HSBC in a research note issued on Tuesday. They currently have a GBX 175 ($2.97) target price on the stock. HSBC’s price target would suggest a potential upside of 28.21% from the company’s current price.
Flybe Group PLC (LON:FLYB) traded down 6.59% on Tuesday, hitting GBX 127.50. 340,242 shares of the company’s stock traded hands. Flybe Group PLC has a 52 week low of GBX 40.00 and a 52 week high of GBX 151.562. The stock has a 50-day moving average of GBX 138.5 and a 200-day moving average of GBX 113.4. The company’s market cap is £276.2 million.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Flybe Group PLC in a research note on Tuesday, June 10th. They now have a GBX 175 ($2.97) price target on the stock. Separately, analysts at Sanlam Securities reiterated a “hold” rating on shares of Flybe Group PLC in a research note on Thursday, May 1st. They now have a GBX 160 ($2.72) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Flybe Group PLC in a research note on Thursday, May 1st. They now have a GBX 160 ($2.72) price target on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 146.67 ($2.49).
Flybe Group plc is a United Kingdom-based regional airline company. It operates through three divisions: Flybe UK, Flybe Europe and Flybe Aviation Support.
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