Flight Centre (OTCMKTS:FGETF) Reaches New 52-Week High – Here’s What Happened

Flight Centre Ltd. (OTCMKTS:FGETF)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $10.12 and last traded at $10.12, with a volume of 266 shares trading hands. The stock had previously closed at $8.07.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FGETF shares. Jefferies Financial Group raised Flight Centre to a “strong-buy” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada raised shares of Flight Centre to an “outperform” rating in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, Flight Centre presently has an average rating of “Strong Buy”.

Flight Centre Stock Performance

The stock has a 50 day moving average of $8.18 and a 200-day moving average of $8.13.

About Flight Centre

Flight Centre Travel Group (OTCMKTS: FGETF) is a global travel agency headquartered in Brisbane, Australia. The company operates across both leisure and corporate segments, offering travel booking services, tailored itineraries and travel management solutions. Through an integrated network of retail stores, online platforms and dedicated corporate divisions, Flight Centre provides airfares, hotel accommodations, package tours and ancillary travel products to individual and business clients.

Founded in 1982 by Graham Turner and Geoff Harris, the company has expanded from a single storefront in Sydney into a multinational enterprise.