Ryanair: Liberum still a buyer after results
(CercleFinance.com) - Liberum repeats its "buy" rating on Ryanair shares, along with a target price of 19 euros, after the Irish low-cost airline reported a lower fiscal loss, while management's outlook was deemed "mixed".
"It sees a fragile recovery, with current quarter traffic needing price stimulation but cautious optimism that peak summer average fares can exceed pre-pandemic levels," the broker said.
However, Liberum, believes that "Ryanair remains a long-term structural winner in the European airline industry, with its relative strengths more evident in challenging market conditions".
Ryanair shares are currently down about 3%.
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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.
"It sees a fragile recovery, with current quarter traffic needing price stimulation but cautious optimism that peak summer average fares can exceed pre-pandemic levels," the broker said.
However, Liberum, believes that "Ryanair remains a long-term structural winner in the European airline industry, with its relative strengths more evident in challenging market conditions".
Ryanair shares are currently down about 3%.
Copyright (c) 2022 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.