Flybe Group PLC’s Overweight Rating Reaffirmed at HSBC (FLYB)
Flybe Group PLC (LON:FLYB)‘s stock had its “overweight” rating restated by equities research analysts at HSBC in a research note issued to investors on Friday. They currently have a GBX 170 ($2.90) price target on the stock. HSBC’s price objective would suggest a potential upside of 51.11% from the stock’s previous close.
Flybe Group PLC (LON:FLYB) opened at 112.50 on Friday. Flybe Group PLC has a 1-year low of GBX 58.50 and a 1-year high of GBX 151.562. The stock has a 50-day moving average of GBX 122.0 and a 200-day moving average of GBX 126.4. The company’s market cap is £243.7 million.
A number of other analysts have also recently weighed in on FLYB. Analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of Flybe Group PLC in a research note on Wednesday. They now have a GBX 160 ($2.73) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Flybe Group PLC in a research note on Wednesday, July 2nd. They now have a GBX 190 ($3.25) price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of GBX 168 ($2.87).
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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