easyJet: SG upgrades sell rating, but still cautious.
(CercleFinance.com) - Société Générale (SG) no longer recommends investors sell the stock of the low-cost British airline easyJet, having adopted a "hold" rating on the stock, even though their analysts remain cautious towards it.
Alongside this upgrade, have raised their 12-month target price from 1,050 pence to 1,400 pence (+33.3%).
Many factors in the operating environment have improved in recent months, analysts say, who point out that from a certain point of view, we could now think that the worst is over for easyJet after the terrorist attacks on key holiday destinations, air traffic disruptions, the Brexit vote and the subsequent depreciation in the pound sterling. Not to mention, on the positive side, easyJet's takeover of some of Air Berlin's activities at Berlin's Tegel airport.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Alongside this upgrade, have raised their 12-month target price from 1,050 pence to 1,400 pence (+33.3%).
Many factors in the operating environment have improved in recent months, analysts say, who point out that from a certain point of view, we could now think that the worst is over for easyJet after the terrorist attacks on key holiday destinations, air traffic disruptions, the Brexit vote and the subsequent depreciation in the pound sterling. Not to mention, on the positive side, easyJet's takeover of some of Air Berlin's activities at Berlin's Tegel airport.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.