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Flight Centre Travel Group Limited ( (AU:FLT) ) just unveiled an announcement.
Flight Centre Travel Group Limited has continued its on-market share buy-back program for its ordinary fully paid shares, reporting that it had repurchased a cumulative total of 9,688,216 shares prior to the latest trading day and a further 3,046 shares on the previous day. The ongoing daily buy-back notifications indicate the company’s active capital management strategy, which may support earnings per share and signal confidence in its financial position, while incrementally reducing the number of shares on issue for existing investors.
The most recent analyst rating on (AU:FLT) stock is a Buy with a A$16.50 price target. To see the full list of analyst forecasts on Flight Centre Travel Group Limited stock, see the AU:FLT Stock Forecast page.
More about Flight Centre Travel Group Limited
Flight Centre Travel Group Limited is an Australian-listed company in the travel and tourism industry, primarily focused on providing travel agency services, including flight bookings and related travel arrangements, through its network of brands and outlets.
Average Trading Volume: 1,312,653
Technical Sentiment Signal: Hold
Current Market Cap: A$3.23B
For a thorough assessment of FLT stock, go to TipRanks’ Stock Analysis page.