Ryanair: Oddo BHF raises target price

(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on Ryanair shares, raising its target price for them from E24 to E26, in order to reflect a better pricing momentum for the Irish low-cost airline.


The delay in Boeing deliveries and the good level of capacity on intra-European routes bode well for pricing resisting well over the summer and beyond, the analyst says, who is therefore more confident about his estimates for FY 2025.

Oddo BHF also points to a very comfortable cash level at the end of March 2024, paving the way for a share buyback announcement when the annual results are published. It still considers the stock's valuation attractive in view of the company's fundamentals.


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