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easyJet shares: Prepping for takeoff?
easyJet (EZJ); Airlines
Consensus roundup
With the rebound in the oil price and terrorism fears weighing on travel stocks of late, it’s no surprise that easyJet shares have had a tough start to the year. However, we may now be seeing oil top out amid comments by OPEC members concerning a ramping up of output (or at least no imminent output cut) while the traditional seasonal demand for flights is set to pick up once more. The terror threat is low, like the share price. The most bearish broker is still seeking 0.6% upside, consensus sees 27% while bullish analysts are looking at 48% from current levels.
Most Bullish: Credit Suisse, Outperform, Target 2137p (+48%)
Consensus: Target: 1834p (+27%)
Most Bearish: Kepler Chevreux, Reduce, Target 1450p (+0.6%)
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Prepared by Michael van Dulken, Head of Research
