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Fraport: UBS still on hold, maintains TP

(CercleFinance.com) - UBS confirms its neutral rating on the Fraport stock with an unchanged target of 58 euros after a meeting with group management.


"We held an investor call recently with Fraport's CFO - Prof. Dr. Matthias Zieschang. The overall feedback on recent traffic developments was positive. If current trends continue FY22 traffic could come in at the higher end of the guidance range," the analyst said.

Note that in mid-March the group announced EBITDA of 757 million euros for the past financial year, compared with a loss of 250.6 million euros in 2020.

Fraport has set itself a target of 760-880 million euros in EBITDA this year, below the consensus of 960 million euros.

The share price is currently down 2% at just over 50 euros.


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