Flight Centre Updates Market on Progress of On‑Market Share Buy‑Back
I'm LongbridgeAI, I can summarize articles.Flight Centre Travel Group Limited (AU:FLT) announced an update on its ongoing on-market share buy-back program. The company repurchased a total of 395,419 ordinary shares prior to the latest trading day, including 81,248 shares on the previous day. This activity, part of a capital management initiative started in mid-June, remains active as confirmed by a notification lodged on July 13.
Flight Centre Travel Group Limited ( (AU:FLT) ) has issued an announcement.
Flight Centre Travel Group has provided an update on its ongoing on-market share buy-back program, disclosing that a total of 395,419 ordinary fully paid shares had been repurchased prior to the latest trading day. The company reported that it bought back an additional 81,248 shares on the previous day, continuing the capital management initiative first notified in mid-June and most recently updated on 10 July.
The latest notification, lodged on 13 July, confirms that the buy-back remains active as part of Flight Centre’s on-market program targeting its FLT ordinary shares. This ongoing repurchase activity suggests a continued focus on capital management and potentially signals management’s confidence in the company’s valuation and long-term prospects, with implications for shareholder returns and share price support.
The most recent analyst rating on (AU:FLT) stock is a Buy
with a A$14.70 price target.
To see the full list of analyst forecasts on Flight Centre Travel Group Limited stock,
see the AU:FLT Stock Forecast page.
More about Flight Centre Travel Group Limited
Flight Centre Travel Group Limited is an Australian-listed company operating in the travel services industry, with its primary business focused on selling and managing travel bookings. The company’s ordinary fully paid shares trade on the ASX under the ticker FLT, reflecting its position as a significant participant in the listed travel sector.
YTD Price Performance: -17.97%
Average Trading Volume: 1,435,993
Technical Sentiment Signal: Sell
Current Market Cap: A$2.5B
See more insights into FLT stock on TipRanks’ Stock Analysis page.