Ryanair: in the green, a broker detects opportunities

Ryanair: in the green, a broker detects opportunities

The Ryanair share gained nearly 4% in London, while this morning Oddo BHF maintained his ‘outperformance’ opinion on the stock, after the publication of results in line with expectations. However, the broker’s price target was slightly lower, from 19 to 18 euros, to take into account the disappointing annual forecast. However, the research department ‘found the company’s comments to be rather reassuring and confident about the resumption of traffic over the summer season and a gradual lifting of restrictions in line with progress on vaccination’: ‘We continue to believe that the room for manoeuvre on costs, coupled with a comfortable level of liquidity, will enable Ryanair to adjust more quickly to demand and to seize the opportunities expected from the drop in capacity among competitors’, he said. Copyright (c) 2021 CercleFinance.com. All rights reserved.

The Ryanair share gained nearly 4% in London, while this morning Oddo BHF maintained his ‘outperformance’ opinion on the stock, after the publication of results in line with expectations. However, the broker’s price target was lowered slightly, from 19 to 18 euros, to take into account the disappointing annual forecast.

However, the research firm ‘found the company’s comments to be rather reassuring and confident about the resumption of traffic over the summer season and a gradual lifting of restrictions in line with progress on vaccination’.

We continue to believe that the room for manoeuvre on costs, coupled with a comfortable level of liquidity, will enable Ryanair to adjust more quickly to demand and to seize the opportunities expected from the drop in capacity among competitors, » he said.

Copyright (c) 2021 CercleFinance.com. All rights reserved.

Ryanair: in the green, a broker detects opportunities
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