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Ryanair 'a long-term' winner in European travel says Deutsche Bank

Published May 02, 2023 14:54 Updated May 02, 2023 15:11
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Proactive Investors - Ryanair (LON:RYA) has got a big share price target and passenger number upgrade ahead of its full-year results on 22 May from Deutsche Bank (ETR:DBKGn).

Analysts at the bank expect the update to generate a tailwind for the shares hence the share target rises to €20 from €17.50.

In terms of passengers, Deutsche Bank also sees 183mln travelling in 2024 (RYA target 185mln) a 2% increase in its forecast and 202mln in 2025, up 4% on its previous target.

'Buy' is the investment rating.

Shares in the Dublin-listed airline were up 1.3% today at €15.24.

Read more on Proactive Investors UK

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Ryanair 'a long-term' winner in European travel says Deutsche Bank
 

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