Flybe Group PLC’s (LON:FLYB) “Hold” Rating Reiterated at Numis Securities Ltd
Flybe Group PLC (LON:FLYB)‘s stock had its “hold” rating reiterated by stock analysts at Numis Securities Ltd in a note issued to investors on Thursday. They currently have a GBX 35 ($0.46) target price on the stock. Numis Securities Ltd’s price target would indicate a potential downside of 11.39% from the stock’s previous close.
Other equities research analysts have also issued research reports about the company. Liberum Capital reissued a “buy” rating and issued a GBX 50 ($0.65) target price on shares of Flybe Group PLC in a research report on Wednesday. HSBC Holdings plc reissued a “buy” rating and issued a GBX 50 ($0.65) target price on shares of Flybe Group PLC in a research report on Thursday, May 4th.
Flybe Group PLC (LON:FLYB) opened at 39.50 on Thursday. The firm’s market cap is GBX 85.58 million. The company has a 50-day moving average price of GBX 34.65 and a 200-day moving average price of GBX 40.81. Flybe Group PLC has a 12-month low of GBX 29.90 and a 12-month high of GBX 56.75.
In related news, insider Luke Farajallah purchased 70,771 shares of the stock in a transaction on Tuesday, July 18th. The shares were purchased at an average price of GBX 35 ($0.46) per share, with a total value of £24,769.85 ($32,269.22). Also, insider Christine Ourmieres-Widener purchased 100,000 shares of the stock in a transaction on Friday, June 9th. The shares were bought at an average cost of GBX 35 ($0.46) per share, for a total transaction of £35,000 ($45,596.66).
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.
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.