Flight Centre's Bull Sees Cruise Agency Deal as Strategically Sound -- Market Talk

Dow Jones
2025/12/17

0223 GMT - Flight Centre Travel Group's acquisition of U.K. online cruise agency Iglu appears strategically sound to its bulls at Morgans. The analysts note the high-margin cruise sector offers strong growth within the travel industry and aligns with the Australian travel agency's plan to expand in the sector. The acquisition multiple was reasonable for an online business and is immediately earnings-per-share accretive, the analysts say in a note. Morgans lifts its FY 2026, FY 2027 and FY 2028 net profit before tax projections by 3.2%, 5.3% and 5.2%, respectively to reflect the acquisition. Morgans raises its target price to A$18.38 from A$15.65 and retains its buy recommendation, citing undemanding trading multiples for the stock. Shares rise 0.8% to A$15.07.(megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

December 16, 2025 21:23 ET (02:23 GMT)

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