(News Bulletin 247) – Liberum retains its Buy rating on Ryanair stock but raises its price target from E19 to E20.50. says the analyst.
“Ryanair appears to be at the more cautious end of the industry spectrum when it comes to the short-term outlook for this summer,” Liberum said.
“However, its suggestion that industry capacity growth could remain limited until 2030 is very optimistic in the long term”, notes the broker who notes that Ryanair continues to trade at its usual premium compared to its peers. Europeans.
This premium is ‘more than justified by the group’s leading position in the market, its track record of profitable growth, its higher unit costs and its solid balance sheet’, concludes Liberum.
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