Ryanair: Liberum raises target price to 21 euros.
(CercleFinance.com) - Liberum analysts have increased their target price for the Irish low-cost airline by 20% from 17.
5 euros to 21 euros. They maintain their buy rating on the stock.
“Ryanair continues to deliver a highly attractive combination of double-digit earnings growth, high ROCE demonstrating clear value creation, and cash generation that supports both growth investment and returns to shareholders,” the broker's report argued.
Although the share has already risen, Liberum believes that the story is not yet over, as both growth and return to shareholders could accelerate.
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.
5 euros to 21 euros. They maintain their buy rating on the stock.
“Ryanair continues to deliver a highly attractive combination of double-digit earnings growth, high ROCE demonstrating clear value creation, and cash generation that supports both growth investment and returns to shareholders,” the broker's report argued.
Although the share has already risen, Liberum believes that the story is not yet over, as both growth and return to shareholders could accelerate.
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.