The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
VALUE BUY - LOOKING GOOD - £3 PLUS END OF YEAR
One area where I feel there are value buys at the moment is within the aviation space. Stocks like Wizz Air, easyJet, IAG, and others have been unloved ever since the pandemic hit in 2020. Even in the past year as we’ve had restrictions lifted, the stocks haven’t materially moved higher.
im topping up multi bagger
Since bottoming at 94p in October, shares in International Consolidated Airlines Group (LSE:IAG) have rallied by more than 50%. With the travel sector showing no signs of cooling, I think the stock could continue its trajectory upwards in 2023.
Additionally, industry data estimates show that forward bookings are strongly inching back towards 2019 levels, especially for international travel. Moreover, as China continues to drop most of its Covid restrictions, this could serve to boost IAG shares.
IAG LOOKING GOOD TO REACH HIGHS
At 140p, the IAG share price seems anchored well below its pre-pandemic highs above 400p. However, there are signs a recovery’s beginning to take hold in international travel as passengers return to the skies. This could boost the stock’s upside potential in 2023 and beyond.
THE RISE HAS STARTED, CONFIDENCE IS BACK £3 BY END OF YEAR
IAG share price has been a serial underperformer in the past few years.
It has plunged by more than 73% from the highest level since 2020.
The company will likely continue rising in 2023 as the aviation sector recovers.
MULTI BAGGER IM TOPPING UP TUESDAY
Of the 13 analysts with ratings on IAG shares, eight rate the company as a ‘buy’, four are neutral on the British Airways owner, while one has placed a ‘sell’ on it. That’s according to stock screener Digital Look
City analysts expect the flyer’s earnings to explode 276% in 2023. Another 85% bottom-line increase is forecast for next year too
todays price could be the best option
im in