This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Opening Price | Stop Loss | Profit Limit | Reward vs Risk | CFD Margin |
| 1763p | 1675p (88p/5.0% below) | 1920p (157p/8.9% above) | 1.8x | 5% |
Techincal Observations – For
Techincal Observations – Against
Solid trading updates from budget carriers EZJ, RYA & WIZZ bode well for the sector, helped by UK tourists making the most of a stronger GBP (notably versus EUR) seeing recent austerity-driven preference for stay-cations revert to traditional demand for foreign holidays. Disarray among national flag-carrier also helping. Recent update allowed EZJ to raise full-year profit outlook after a blockbuster summer.
Today Cantor Fitzgerald upped its target price to 2000p from 1900p citing strong summer demand, a high proportion of plane seats and fairly muted capacity build in European market and demand for winter sun getaways is likely to be strong. Bloomberg consensus show brokers 90% of brokers positive/neutral and 91% of target prices above current share price. Consensus target 1940p implies 11% upside from current levels and suggests fresh all-time highs.
Next Event: Traffic Stats, 6 Oct; Traffic Stats, 5 Nov; Full year results, 17 Nov
Latest Broker 12-Month Consensus: 69% Buy, 21% Hold, 10% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Boomberg or Company Press releases
| Share | 1wk | 1m | 3m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -0.1 | 3.8 | 4.5 | 0.5 | 26.3 | 43.8 | 229.6 | 424.5 |
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