TUI: still a buyer after Thomas Cook
(CercleFinance.com) - Citi analysts have confirmed their buy rating on the share of tour operator Tui, at a time when its competitor Thomas Cook is in meltdown.
The broker maintains its target price at 1,190 pence.
Citi believes that thanks to summer bookings, Tui ended its 2018/2019 fiscal year (to end-September), with 7% growth over Q4.
In addition, "We see TUI as a key beneficiary of the collapse of TCG," Citi says, as the redistribution of Thomas Cook's market share could increase Tui's EPS by around 4% in 20219/2020; not to mention the price increases that will probably follow.
Copyright (c) 2019 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.