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Flight Centre (OTCMKTS:FGETF) Reaches New 52-Week High - Here's Why

Flight Centre logo with Consumer Discretionary background

Key Points

  • Flight Centre Ltd. shares reached a new 52-week high of $8.10 during trading on Thursday, a notable increase from the previous close of $8.07.
  • The Royal Bank of Canada has upgraded Flight Centre's shares to an "outperform" rating, contributing to an average stock rating of "Buy" from analysts.
  • The company's travel retailing services operate across multiple sectors and regions, catering to both leisure and corporate markets globally.
  • Five stocks we like better than Flight Centre.

Shares of Flight Centre Ltd. (OTCMKTS:FGETF - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.10 and last traded at $8.10, with a volume of 300 shares changing hands. The stock had previously closed at $8.07.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upgraded shares of Flight Centre to an "outperform" rating in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Flight Centre currently has an average rating of "Buy".

Get Our Latest Analysis on FGETF

Flight Centre Price Performance

The stock has a 50 day moving average price of $8.10 and a two-hundred day moving average price of $8.37.

Flight Centre Company Profile

(Get Free Report)

Flight Centre Travel Group Limited provides travel retailing services for the leisure and corporate sectors in Australia, New Zealand, the Americas, Europe, the Middle East, Africa, Asia, and internationally. The company offers leisure travel services for the niche sectors, as well as mass, youth, premium, and cruise markets; and corporate travel services for organizations of various sizes across industries, as well as supplies products to its national and international network, or travel retail outlets.

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