Air Partner: Liberum maintains 'buy' rating
(CercleFinance.com) - Liberum reinstates its "buy" recommendation on the Air Partner share, along with its target price of 115 pence, after the air transport broker's trading update for H1, which was "slightly better than anticipated".
"Management now expects the current year's performance to be evenly weighted between H1 and H2, rather than the H2," the broker notes, while maintaining its forecasts given difficult macro conditions for the sector.
In addition, trading at 8.8x expected EPS for 2020 and a dividend yield of 7.4%, the broker considers the valuation of the British group as "compellingly attractive".
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.
"Management now expects the current year's performance to be evenly weighted between H1 and H2, rather than the H2," the broker notes, while maintaining its forecasts given difficult macro conditions for the sector.
In addition, trading at 8.8x expected EPS for 2020 and a dividend yield of 7.4%, the broker considers the valuation of the British group as "compellingly attractive".
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.