easyJet: Liberum still a buyer after H1 results
(CercleFinance.com) - Liberum reiterates its 'buy' rating on easyJet shares, with an unchanged target price of 690p, after the group reported H1 results that are in line with expectations, with a reduced seasonal loss.
The broker points out that booking trends are getting back to normal, and that easyJet's holidays business is expected to generate taxable profit of £80m this year, above the consensus.
While the British low-cost airline did not give further profit targets for this year, Liberum sees upside potential in the consensus and points to margin and EBITDAR targets in the medium term being highlighted.
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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 points out that booking trends are getting back to normal, and that easyJet's holidays business is expected to generate taxable profit of £80m this year, above the consensus.
While the British low-cost airline did not give further profit targets for this year, Liberum sees upside potential in the consensus and points to margin and EBITDAR targets in the medium term being highlighted.
Copyright (c) 2023 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.