A: I was wrong on Flight Centre (FLT) last year (buying, and then selling out at a loss at much lower prices), and am somewhat reluctant to express a call. The run has been pretty amazing for Flight Centre and other perceived growth stocks – so I guess they all look quite expensive.

According to FN Arena, the brokers have a consensus target price of $53.14, about 14.8% lower than the last price of $62.36. There are 2 buy recommendations, 3 neutral recommendations and 2 sell recommendations. It is trading on a multiple of 22.8x FY18 earnings and 20.7x FY19 forecast earnings.

Regards