FLIGHT CENTRE
Broker: Citigroup Smith Barney
Rating: Downgrades to SELL from HOLD
Price Target: Cuts to $12.00 From $15.45
Comment: Citigroup Smith Barney has cut its recommendation on Flight Centre to 'sell' from 'hold' after the group conceded that its earnings target is unachievable. The broker says it believes the structural changes occurring in the travel industry are only going to intensify and Flight Centre's ability to maintain margins will be a huge challenge. It cut its price target on the stock to $12.00 from $15.45.
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Last
$17.02 |
Change
-0.040(0.23%) |
Mkt cap ! $4.754B | |||
| Open | High | Low | Value | Volume |
| $17.06 | $17.12 | $16.98 | $4.236M | 248.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 921 | $17.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.02 | 405 | 7 |
View Market Depth
| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| FLT (ASX) Chart |
