Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Flight Centre Travel Group Limited ( (AU:FLT) ) has provided an update.
Flight Centre Travel Group Limited (FLT) has addressed recent media speculation regarding its interest in the Pedal Group cycle joint venture, where it holds a 47% stake. FLT and the Turner family, who also hold a significant share, have engaged Grant Samuel to explore future ownership options for the business. While FLT intends to maintain its investment and collaborate with potential partners, it remains open to proposals that could benefit its shareholders. The Pedal Group, which includes 99 Bikes and Advance Traders Australia, has shown strong performance, and any transaction is not expected to materially impact FLT’s financials.
The most recent analyst rating on (AU:FLT) stock is a Hold with a A$12.50 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 operates in the travel industry, offering a range of travel services and products. The company is known for its travel agency operations and has a significant presence in the travel market.
YTD Price Performance: -25.35%
Average Trading Volume: 1,496,583
Technical Sentiment Signal: Sell
Current Market Cap: A$2.6B
See more insights into FLT stock on TipRanks’ Stock Analysis page.