Flight Centre (ASX:FLT) share price continues to climb today

Shares in the travel group extend last week’s gains.
The post Flight Centre (ASX:FLT) share price continues to climb today appeared first on The Motley Fool Australia. –

The Flight Centre (ASX: FLT) share price has started the trading week in the green, extending last week’s gains.

The Flight Centre share price is 2.91% higher at $15.91 a share.

Let’s take a look at what’s happening with Flight Centre shares today.

What has Flight Centre been up to lately?

While there’s no market-sensitive news today from the company, Flight Centre shares have been impacted by coronavirus. As a result, the company has routinely found itself on the ASX most shorted shares list since the pandemic hit.

However, on 25 June, the company announced it will issue shares to employees who stick with Flight Centre for the coming 18 months under its “Global Recovery Rights program”.

The travel group stated it will award 250 individual shares to employees who stay until 31 December 2022. The proposal excludes executives and the board.

Flight Centre shares have since climbed from $14.55, trading for a time today at $16.30.

Flight Centre share price snapshot

Flight Centre shares have finished the previous 5 trading sessions in the green, posting a 9.35% return during this time.

Over the previous month, the company’s shares are down by 0.44% but have enjoyed 12-month gains of ~40%.

These returns outpace the S&P/ASX 200 Index (ASX: XJO)’s 1 and 12-month returns of 0.27% and 20.75%, respectively.

At the current share price of $15.91, Flight Centre has a market capitalisation of $3 billion and trades at a price-to-earnings ratio of 7.

The share price is off its 52-week high of $20.16 but is above its 52-week low of $9.76. The company pays a $1.96 dividend which produces a yield of 6.7% at the time of writing.

The post Flight Centre (ASX:FLT) share price continues to climb today appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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