Ryanair: BarCap cuts price target
(CercleFinance.com) - Barclays Capital has cut its target price for the Ryanair share, although has said that the low-cost airline's business model has not been broken, despite the group's profit warning on Monday.
The broker cut its target price for the stock from 18.3 euros to 15.8 euros, although maintains its "overweight" rating.
According to BarCap, the group's competitive advantages in its cost base and productivity will remain, leaving Ryanair as a "structural winner."
"Whilst we believe the risk/reward balance for Ryanair is starting to look skewed to the upside, calling the turning point is more challenging," the broker says in its report.
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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 cut its target price for the stock from 18.3 euros to 15.8 euros, although maintains its "overweight" rating.
According to BarCap, the group's competitive advantages in its cost base and productivity will remain, leaving Ryanair as a "structural winner."
"Whilst we believe the risk/reward balance for Ryanair is starting to look skewed to the upside, calling the turning point is more challenging," the broker says in its report.
Copyright (c) 2018 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.