Is Buying Flybe Group PLC Here a Winning Strategy?

 Is Buying Flybe Group PLC Here a Winning Strategy?

The stock of Flybe Group PLC (LON:FLYB) is a huge mover today! The stock increased 11.21% or GBX 3.92 on November 9, hitting GBX 38.92. About 2.54M shares traded hands or 168.21% up from the average. Flybe Group PLC (LON:FLYB) has declined 38.86% since April 11, 2016 and is downtrending. It has underperformed by 43.65% the S&P500.
The move comes after 8 months positive chart setup for the GBX 84.33 million company. It was reported on Nov, 9 by Barchart.com. We have GBX 93.02 PT which if reached, will make LON:FLYB worth GBX 117.22M more.

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 36 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Numis Securities maintained it with “Buy” rating and GBX 132 target price in Tuesday, October 13 report. The stock of Flybe Group PLC (LON:FLYB) has “Buy” rating given on Monday, November 2 by Numis Securities. The firm earned “Buy” rating on Thursday, January 28 by Liberum Capital. The rating was maintained by Cantor Fitzgerald on Wednesday, July 27 with “Hold”. As per Friday, February 26, the company rating was maintained by Liberum Capital. As per Tuesday, November 24, the company rating was upgraded by HSBC. Liberum Capital maintained Flybe Group PLC (LON:FLYB) rating on Thursday, October 8. Liberum Capital has “Buy” rating and GBX 120 price target. The company was maintained on Thursday, January 21 by HSBC. Liberum Capital maintained Flybe Group PLC (LON:FLYB) rating on Wednesday, November 9. Liberum Capital has “Buy” rating and GBX 50 price target. The company was maintained on Wednesday, July 22 by Numis Securities.

More notable recent Flybe Group PLC (LON:FLYB) news were published by: Fool.Co.Uk which released: “Why are shares in Flybe Group plc nosediving today?” on November 09, 2016, also Fool.Co.Uk with their article: “Are small caps Flybe Group plc, Mothercare plc, Lakehouse plc and Hostelworld …” published on June 21, 2016, Fool.Co.Uk published: “Here’s why Flybe Group plc could be better value than easyJet plc & Ryanair …” on June 09, 2016. More interesting news about Flybe Group PLC (LON:FLYB) were released by: Fool.Co.Uk and their article: “Is Now The Time To Buy Flybe Group PLC Or Afren Plc As Shares Nosedive?” published on January 26, 2015 as well as Fool.Co.Uk‘s news article titled: “Today’s Transport Winners And Losers: Flybe Group PLC, FirstGroup plc And Air …” with publication date: January 28, 2016.

Flybe Group plc operates regional airline in Europe. The company has a market cap of 84.33 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 12.4 P/E ratio. The FAS supports Flybe’s United Kingdom activities, as well as serving third-party customers.

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