Will Flybe Group PLC Short Squeeze Soon?

 Will Flybe Group PLC Short Squeeze Soon?

The stock of Flybe Group PLC (LON:FLYB) hit a new 52-week low and has GBX 36.76 target or 13.00% below today’s GBX 42.25 share price. The 9 months bearish chart indicates high risk for the GBX 91.54 million company. The 1-year low was reported on Nov, 10 by Barchart.com. If the GBX 36.76 price target is reached, the company will be worth GBX 11.90M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 6.29% or GBX 2.5 on November 10, hitting GBX 42.25. About 2.59M shares traded hands or 129.20% up from the average. Flybe Group PLC (LON:FLYB) has declined 30.57% since April 11, 2016 and is downtrending. It has underperformed by 36.22% 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 36 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Wednesday, March 30, the company rating was maintained by Liberum Capital. On Wednesday, July 27 the stock rating was maintained by Liberum Capital with “Buy”. HSBC maintained Flybe Group PLC (LON:FLYB) on Monday, October 19 with “Reduce” rating. The rating was maintained by HSBC on Friday, January 29 with “Buy”. The stock has “Reduce” rating given by HSBC on Friday, July 24. The firm earned “Buy” rating on Wednesday, November 9 by Numis Securities. The firm earned “Buy” rating on Thursday, January 28 by Liberum Capital. The rating was maintained by Numis Securities on Thursday, January 28 with “Buy”. The rating was maintained by Liberum Capital on Tuesday, October 13 with “Buy”. The firm has “Buy” rating by HSBC given on Thursday, January 21.

More important 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 published article titled: “Are small caps Flybe Group plc, Mothercare plc, Lakehouse plc and Hostelworld …”, 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) was released by: Fool.Co.Uk and their article: “Is Now The Time To Buy Flybe Group PLC Or Afren Plc As Shares Nosedive?” with publication date: January 26, 2015.

Flybe Group plc operates regional airline in Europe. The company has a market cap of 91.54 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 13.46 P/E ratio. The FAS supports Flybe’s United Kingdom activities, as well as serving third-party customers.

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