(News Bulletin 247) – Liberum reiterates its ‘buy’ recommendation on easyJet with an unchanged price target at 690 pence, after the publication by the group of half-year results in line with expectations, with a reduced seasonal loss.
The broker points out that booking trends are returning to normal, and that easyJet’s holidays business is expected to generate £80 million in taxable profit this year, a figure above consensus.
While the British low-cost airline has not given further profit targets for this year, Liberum sees upward pressure on the consensus and points to medium-term margin and EBITDAR targets put forward.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.