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TUI shares
TUI AG (TUI)
Source: IT Finance, 14 July
TUI AG (TUI) is a pan-European travel company. The Company operates airlines, travel agencies, cruise ships, resorts, and hotels across the continent. TUI AG (TUI) is Europe’s largest tour operator and has been investing heavily in its mass tourism business in the expectation that holidaymakers will seek the implied safety of organised trips due to the increased terror threat in the region.
The company, along with Spain’s Air Europa Lineas Aereas, is currently in talks with US aircraft manufacturer Boeing regarding potential orders worth $3.5bn (Bloomberg, 10 July).
TUI shares are down 19% year to date and will have suffered following the terror attacks at Istanbul airport. Yet they’ve rallied an impressive 19% since the close on 23 June. TUI AG (TUI) currently has a dividend yield of 4.4% (as at 14 July).
There are 17 broker ratings on TUI AG (TUI). All have targets above the current price – the most bearish price sitting 3% higher – while the average of all targets indicates 33% upside for this stock.
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Prepared by Michael van Dulken, Head of Research
