The stock of Flybe Group PLC (LON:FLYB) reached all time low today, Nov, 3 and still has GBX 30.48 target or 11.00% below today’s GBX 34.25 share price. This indicates more downside for the GBX 74.20 million company. This technical setup was reported by Barchart.com. If the GBX 30.48 PT is reached, the company will be worth GBX 8.16M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 4.86% or GBX 1.75 on November 3, hitting GBX 34.25. About 1.29M shares traded hands or 15.18% up from the average. Flybe Group PLC (LON:FLYB) has declined 46.48% since April 6, 2016 and is downtrending. It has underperformed by 47.70% the S&P500.
Flybe Group PLC (LON:FLYB) Ratings Coverage
Out of 4 analysts covering Flybe Group (LON:FLYB), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Flybe Group has been the topic of 33 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Numis Securities given on Tuesday, October 13. As per Friday, January 29, the company rating was maintained by HSBC. Numis Securities maintained the shares of FLYB in a report on Wednesday, November 11 with “Buy” rating. The rating was maintained by Cantor Fitzgerald on Thursday, October 27 with “Hold”. The firm earned “Buy” rating on Thursday, October 8 by Numis Securities. The firm has “Buy” rating given on Tuesday, October 25 by Numis Securities. The firm earned “Buy” rating on Thursday, October 8 by Liberum Capital. Numis Securities maintained Flybe Group PLC (LON:FLYB) rating on Thursday, June 9. Numis Securities has “Buy” rating and GBX 132 price target. As per Wednesday, November 11, the company rating was maintained by Liberum Capital. The rating was maintained by Numis Securities on Thursday, January 28 with “Buy”.
More notable recent Flybe Group PLC (LON:FLYB) news were published by: Fool.Co.Uk which released: “Are small caps Flybe Group plc, Mothercare plc, Lakehouse plc and Hostelworld …” on June 21, 2016, also Fool.Co.Uk with their article: “Here’s why Flybe Group plc could be better value than easyJet plc & Ryanair …” published on June 09, 2016, Fool.Co.Uk published: “Is Now The Time To Buy Flybe Group PLC Or Afren Plc As Shares Nosedive?” on January 26, 2015. More interesting news about Flybe Group PLC (LON:FLYB) were released by: Fool.Co.Uk and their article: “Today’s Transport Winners And Losers: Flybe Group PLC, FirstGroup plc And Air …” published on January 28, 2016 as well as Fool.Co.Uk‘s news article titled: “Is Flybe Group PLC Better Value Than easyJet plc and Ryanair Holdings Plc As …” with publication date: June 12, 2015.
Flybe Group plc operates regional airline in Europe. The company has a market cap of 74.20 million GBP. The Firm operates in two divisions: Flybe UK, which comprises the Company’s main scheduled United Kingdom domestic and the United Kingdom-Europe passenger activities 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. It has a 10.91 P/E ratio. The FAS supports Flybe’s United Kingdom activities, as well as serving third-party customers.
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