Ryanair: Oddo BHF still a buyer
(CercleFinance.com) - On Friday morning, an Oddo BHF analyst confirmed a "Buy" rating on the Ryanair share, after its successful 400 million euro placement with investors.
The broker also confirms its 13.5 euro target price for the share, meaning upside potential of 16%.
The broker still believes that Ryanair's trajectory in terms of cost control, coupled with a comfortable level of liquidity (over 3.9 billion euros), will enable it to navigate through the crisis without too many difficulties and to more rapidly seize opportunities expected during the sector's consolidation, the broker says.
Two hours into trading on Friday, the share is up over 3.5%.
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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 also confirms its 13.5 euro target price for the share, meaning upside potential of 16%.
The broker still believes that Ryanair's trajectory in terms of cost control, coupled with a comfortable level of liquidity (over 3.9 billion euros), will enable it to navigate through the crisis without too many difficulties and to more rapidly seize opportunities expected during the sector's consolidation, the broker says.
Two hours into trading on Friday, the share is up over 3.5%.
Copyright (c) 2020 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.