Ryanair: UBS adjusts target price
(CercleFinance.com) - While maintaining its "neutral" position on the Ryanair share, UBS has raised its target price for it from 16.
8 euros to 17.5 euros, which represents token upside potential of 1% for the Irish low-cost airline's stock.
The broker summarises that it is raising its medium-term forecasts to reflect the company's new growth ambitions, although if the growth record continues, this is already priced in.
The market seems to think otherwise this morning - the share is currently down almost 3%... at the broker's former target price.
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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.
8 euros to 17.5 euros, which represents token upside potential of 1% for the Irish low-cost airline's stock.
The broker summarises that it is raising its medium-term forecasts to reflect the company's new growth ambitions, although if the growth record continues, this is already priced in.
The market seems to think otherwise this morning - the share is currently down almost 3%... at the broker's former target price.
Copyright (c) 2021 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.