Flybe Group (FLYB) Price Target Lowered to GBX 45 at

Flybe Group (LON:FLYB) had its price target lowered by research analysts at from GBX 50 ($0.67) to GBX 45 ($0.60) in a research report issued on Monday, November 13th. The brokerage currently has a “buy” rating on the stock. ‘s price objective would indicate a potential upside of 42.86% from the company’s previous close.

A number of other analysts also recently commented on FLYB. Liberum Capital restated a “buy” rating and set a GBX 50 ($0.67) price objective on shares of Flybe Group in a report on Wednesday, July 26th. Numis Securities reiterated an “under review” rating on shares of Flybe Group in a report on Wednesday, October 18th.

Shares of Flybe Group (LON FLYB) traded up GBX 0.25 ($0.00) during trading on Monday, hitting GBX 31.50 ($0.42). The company’s stock had a trading volume of 49,348 shares, compared to its average volume of 246,713. Flybe Group has a one year low of GBX 30.01 ($0.40) and a one year high of GBX 51.17 ($0.68). The stock has a market cap of $67.47 and a price-to-earnings ratio of -262.50.

Flybe Group (LON:FLYB) last issued its quarterly earnings results on Thursday, November 9th. The company reported GBX 7 ($0.09) earnings per share for the quarter. Flybe Group had a return on equity of 19.74% and a net margin of 3.61%. The company had revenue of £418.50 million for the quarter.

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Flybe Group 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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