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Morgans Keeps Their Buy Rating on Flight Centre Travel Group Limited (FGETF)

Morgans Keeps Their Buy Rating on Flight Centre Travel Group Limited (FGETF)

Morgans analyst Belinda Moore maintained a Buy rating on Flight Centre Travel Group Limited today and set a price target of A$15.35. The company's shares closed last Thursday at $8.10.
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Moore covers the Consumer Defensive sector, focusing on stocks such as Elders Limited, Treasury Wine Estates Limited, and a2 Milk Company. According to TipRanks, Moore has an average return of 7.0% and a 59.34% success rate on recommended stocks.
In addition to Morgans, Flight Centre Travel Group Limited also received a Buy from Citi's Samuel Seow in a report issued today. However, on the same day, Canaccord Genuity maintained a Hold rating on Flight Centre Travel Group Limited (Other OTC: FGETF).
Based on Flight Centre Travel Group Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.33 billion and a net profit of $60.47 million. In comparison, last year the company earned a revenue of $1.29 billion and had a net profit of $86.6 million
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