Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from Flight Centre Travel Group Limited ( (AU:FLT) ).
Flight Centre Travel Group Limited has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company disclosed that, as of the latest reporting date, a total of 15,604,884 shares had been repurchased prior to the previous day.
In the most recent trading day covered by the notification, Flight Centre bought back an additional 350,000 shares on market. The continued execution of the buy-back signals ongoing capital management efforts that may support earnings per share and potentially enhance value for existing shareholders by reducing the number of shares on issue.
The most recent analyst rating on (AU:FLT) stock is a Buy with a A$16.00 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 a listed company on the ASX, trading under the code FLT. The group operates in the travel services industry, focusing on providing travel products and services to retail and corporate customers in domestic and international markets.
Average Trading Volume: 1,601,929
Technical Sentiment Signal: Sell
Current Market Cap: A$2.37B
For an in-depth examination of FLT stock, go to TipRanks’ Overview page.