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

Flight Centre Travel

15/12/2025 24:25

** 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))