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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

London Stock Exchange
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Share Price: 530.20
Bid: 555.00
Ask: 535.60
Change: -6.00 (-1.12%)
Spread: -19.40 (-3.495%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 536.20
EZJ Live PriceLast checked at -

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Barclays upgrades Easyjet after strong first quarter

Thu, 29th Jan 2015 12:41

Easyjet's shares were flying higher on Thursday after analysts at Barclays Capital upgraded their stance on the stock from 'equalweight' to 'overweight' and hiked their target price from 1,850p to 2,150p.The positive move came after the airline's stronger first-quarter update on Tuesday which showed "conclusive evidence that Easyjet has developed one of the best low cost carrier business models in Europe", Barclays said."The company has proven our capacity concerns unfounded, growing pricing despite a fierce competitive environment, which could now improve into the summer (despite lower oil)," the bank said."We think UK demand will remain strong and expect self-help to support fares through the second half."Easyjet is guiding to a 2% increase in revenue per seat (RPS) in the first half, better than previous guidance.Barclays analysts, however, estimate a 1.5% decline in RPS in the second half but reckons that the company has the potential to "do better". Their "blue-sky scenario" estimates 15% earnings per share upside potential."Valuation is attractive, in our view, and on a relative basis, shares have underperformed the recent sector rally," Barclays said.The stock was up 4.7% at 1,850p by 12:39.
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UK shareholder meetings calendar - next 7 days

Friday 2 February 
Tectonic Gold PLCAGM
Monday 5 February 
no events scheduled 
Tuesday 6 February 
Blackrock Frontiers Investment Trust PLCAGM
Qinetiq Group PLCGM re share buyback authorisation
Ten Lifestyle Group PLCAGM
Wednesday 7 February 
Asos PLCAGM
eEnergy Group PLCGM re disposal of Energy Management division
Future PLCAGM
Mosman Oil & Gas LtdEGM re director participation in placing
Premier Miton Group PLCAGM
Thursday 8 February 
Benchmark Holdings PLCAGM
Compass Group PLCAGM
easyJet PLCAGM
Hargreave Hale AIM VCT PLCAGM
Polar Capital Global Healthcare Trust PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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