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Best Secured Loans:
€ 4,285.55m
€ 0.01
€ 2.89
Date: Friday 25 Apr 2008
LONDON (ShareCast) - High oil prices and weakening consumer confidence prompted ABN Amro to lower its recommendations on budget airlines easyJet and Ryanair to ‘hold’ from ‘buy’.
The broker now assumes oil prices of $120 a barrel, compared with $90 previously. However, ABN Amro said that the best time for long-term investors to buy into airlines is when things look bleakest, possibly when the revenue outlook weakens.
It slashes its target price on easyJet to 300p from 670p and on Ryanair to €2.80 from €4.70.
| Currency | Euro |
| Share Price | € 2.89 |
| Change Today | € 0.01 |
| 52 Week High | € 5.77 |
| 52 Week Low | € 2.60 |
| Volume | 4,331,573 |
| Shares Issued | 1,485.46m |
| Market Cap | € 4,285.55m |
| Beta | 1.11 |
| RiskGrade | 255 |
| Value |
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| Price Trend |
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| Income |
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| Growth |
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| Price Chg 6m |
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| P/E |
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| PEG |
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| Operating Margin |
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| Strong Buy | 10 |
| Buy | 3 |
| Neutral | 8 |
| Sell | 1 |
| Strong Sell | 2 |
| Total | 24 |

| No dividends found |