The stock of Flybe Group PLC (LON:FLYB) is a huge mover today! The stock increased 1.12% or GBX 0.5 on November 24, hitting GBX 45. About 284,920 shares traded hands. Flybe Group PLC (LON:FLYB) has declined 22.94% since April 25, 2016 and is downtrending. It has underperformed by 28.35% the S&P500.
The move comes after 8 months positive chart setup for the GBX 97.50 million company. It was reported on Nov, 24 by Barchart.com. We have GBX 49.05 PT which if reached, will make LON:FLYB worth GBX 8.78M 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 37 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Cantor Fitzgerald on Wednesday, November 11. HSBC upgraded the stock to “Buy” rating in Tuesday, November 24 report. The firm has “Buy” rating given on Wednesday, November 9 by Numis Securities. The firm has “Buy” rating by Liberum Capital given on Monday, February 1. The firm has “Reduce” rating given on Monday, October 19 by HSBC. The stock has “Hold” rating given by Cantor Fitzgerald on Thursday, October 27. The stock has “Hold” rating given by Cantor Fitzgerald on Thursday, April 7. Numis Securities maintained the shares of FLYB in a report on Thursday, June 9 with “Buy” rating. Numis Securities maintained it with “Buy” rating and GBX 132 target price in Monday, November 2 report. Liberum Capital maintained it with “Buy” rating and GBX 120 target price in Monday, November 2 report.
More 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 the news titled: “Are small caps Flybe Group plc, Mothercare plc, Lakehouse plc and Hostelworld …” on June 21, 2016. Fool.Co.Uk‘s news article titled: “Here’s why Flybe Group plc could be better value than easyJet plc & Ryanair …” with publication date: June 09, 2016 was also an interesting one.
Flybe Group plc operates regional airline in Europe. The company has a market cap of 97.50 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 currently has negative earnings. The FAS supports Flybe’s United Kingdom activities, as well as serving third-party customers.
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