Cuts Flybe Group PLC (FLYB) Price Target to GBX 45

Flybe Group PLC (LON:FLYB) had its price target cut by from GBX 50 ($0.66) to GBX 45 ($0.59) in a research report sent to investors on Monday. They currently have a buy rating on the stock.

FLYB has been the topic of several other research reports. Liberum Capital restated a buy rating and set a GBX 50 ($0.66) price objective on shares of Flybe Group PLC in a report on Wednesday, July 26th. Numis Securities Ltd restated an under review rating on shares of Flybe Group PLC in a report on Wednesday, October 18th.

Flybe Group PLC (LON FLYB) opened at GBX 36.55 ($0.48) on Monday. Flybe Group PLC has a 1 year low of GBX 31 ($0.41) and a 1 year high of GBX 51.17 ($0.67).

Flybe Group PLC (LON:FLYB) last released its earnings results on Thursday, November 9th. The company reported GBX 7 ($0.09) earnings per share (EPS) for the quarter. Flybe Group PLC had a negative net margin of 12.36% and a negative return on equity of 49.89%. The company had revenue of £418.50 million for the quarter.

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Flybe Group PLC 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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