BUZZ-Macquarie hikes PT for Australia's Flight Centre on Iglu buyout, shares rise

Reuters
Dec 15, 2025
BUZZ-<a href="https://laohu8.com/S/MQG.AU">Macquarie</a> hikes PT for Australia's Flight Centre on Iglu buyout, shares rise

** Shares of Flight Centre Travel FLT.AX up as much as 2.2% at A$15.14

** Macquarie hikes price target for travel retailer by 6% to A$17.85 per share, rated "Outperform"** Co said last week that it will buy UK cruise agency Iglu for 100 million pounds ($133.65 million) upfront and up to 27 million pounds in earnouts** FY26 profit guidance lifted to A$315-A$350 million ** Macquarie hikes PT after hiking earnings forecasts due mainly to acquisition, believes cruise is an attractive market with strong growth and high margins** 13 of 15 analysts rated "Buy" or higher on stock, while remaining two recommend "Hold", as per LSEG-compiled data

** YTD, FLT shares down 9.3%

($1 = 0.7482 pounds)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10