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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Easyjet - Low cost airline raises guidance; new price target

September 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EZJ
  • Price:
  • 1263p
Billionaire US investor Warren Buffett famously once said he would contact his shrink the next time he thought about buying shares in an airline following a rare disaster but that was nearly 30 years ago and times have changed with the octogenarian reportedly punting nearly US$10bn on American, Delta, United and South West Airlines earlier this year. That reflects a remarkable turnaround in the industry, with all four US airlines reporting record profits thanks to post financial crisis capacity discipline, depressed labour costs and cheap oil. And the worm has turned on this side of the Atlantic too. Low cost airlines Ryanair and Wizzair recently reported 55% and 50% respective jumps in pretax profit while Easyjet, the subject of this ar ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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