easyJet: share takes off on optimism about recovery
(CercleFinance.com) - easyJet shares have rallied for a fourth session in a row on Wednesday on the London Stock Exchange, boosted by hopes surrounding plans to reopen the British economy.
The low-cost airline's share is up over 4.5% today, adding to an equivalent rise the day before, following Boris Johnson's announcements, who promised a complete and full end to lockdown and restrictions in the UK by 21 June.
According to analysts, easyjet's sales quadrupled in the wake of statements by the British Prime Minister, who spoke of a resumption of international flights as of 17 May.
On this good news, AlphaValue analysts have decided to upgrade the the stock to "add" versus "reduce" previously, explaining that the prospect of a reopening of the economy would quickly result in an explosion in bookings.
The easyJet share has now risen by over 20% in just four sessions, having increased by over 56% over the last six months.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The low-cost airline's share is up over 4.5% today, adding to an equivalent rise the day before, following Boris Johnson's announcements, who promised a complete and full end to lockdown and restrictions in the UK by 21 June.
According to analysts, easyjet's sales quadrupled in the wake of statements by the British Prime Minister, who spoke of a resumption of international flights as of 17 May.
On this good news, AlphaValue analysts have decided to upgrade the the stock to "add" versus "reduce" previously, explaining that the prospect of a reopening of the economy would quickly result in an explosion in bookings.
The easyJet share has now risen by over 20% in just four sessions, having increased by over 56% over the last six months.
Copyright (c) 2021 CercleFinance.com. All rights reserved.