Accueil > Actualité
Actualite financiere : Actualite bourse

EasyJet: Stifel maintains its recommendation on the share

( - Stifel maintains its buy rating on easyJet shares, with an unchanged target price of 650 pence.

The analyst reports that the pre-tax loss for the 2023 financial year came out at £455 million, in line with preliminary data.

The broker believes, however, that the Middle East conflict means that there will be no year-on-year improvement on the seasonal first-quarter loss, but that the second quarter appears to be unaffected.

Stifel believes that medium-term targets are 'rather optimistic', with pre-tax profit per passenger of 7 to 10 pounds (Stifel expects 5 pounds).

Finally, the analyst points out that the stock is still "valued at historically low levels", and believes that the market is focusing too much on a potential weakening in demand, overshadowing the current strength of prices and earnings.

Copyright (c) 2023 All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.