Ryanair: Oddo confirms rating.
(CercleFinance.com) - Oddo BHF has confirmed its buy rating on the Ryanair stock, with a target price of 22 euros, after the group's decision to cancel about 2% of its flights over the next six weeks so as to improve its operational reliability.
The broker's analysts believe that the operational crisis that Ryanair is current going through only slightly weigh on its ability to generate cash.
"In our estimates we therefore estimate a cash return of 1 billion euros to shareholders per year over the next three years" Oddo BHF says.
"This bad experience will enable it to make improvements to its business model in order to accompany its future growth" the broker added.
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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.
The broker's analysts believe that the operational crisis that Ryanair is current going through only slightly weigh on its ability to generate cash.
"In our estimates we therefore estimate a cash return of 1 billion euros to shareholders per year over the next three years" Oddo BHF says.
"This bad experience will enable it to make improvements to its business model in order to accompany its future growth" the broker added.
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.