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    EZJ   GB00B7KR2P84


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

European shares at fresh peaks as travel, real estate stocks lead

06/08/2021 | 04:46am EDT

* STOXX 600 hits record high

* BAT gains after upbeat forecast

* German stocks fall on bleak data

* Autos slide after six-day rally

June 8 (Reuters) - European stocks hit new highs on Tuesday, lifted by travel and real estate shares, but weak German industrial output data and doubts over Britain lifting restrictions later this month capped gains.

The pan-European STOXX 600 index closed 0.1% higher after notching a record high earlier in the session, with sectors considered more stable such as real estate and telecoms leading gains.

The travel and leisure index rose 1.8%, supported largely by gains in low-cost carrier easyJet after Goldman Sachs upgraded the stock to "buy".

German stocks fell 0.2% after data showed industrial output fell unexpectedly in April, in a further sign that semiconductor shortages and other supply bottlenecks are hampering the recovery in Europe's largest economy.

"The decline in industrial production in April underlines that the German economy was performing well below normal at the start of the second quarter," said Andrew Kenningham, chief Europe economist at Capital Economics.

"The biggest concern is that auto production fell again in April and was 24% below its February 2020 level amid ongoing semiconductor shortages."

Automakers fell 1.1% after a six-day rally that took the index close to its record peak.

Britain's blue-chip FTSE 100 edged higher, boosted by a weaker pound and a 0.4% rise in British American Tobacco after it raised its annual revenue growth forecast.

Investor concerns were, however, stoked as The Times reported that Britain's next phase in easing of lockdown on June 21 could be delayed by a fortnight amid concerns over the spreading of new variants of COVID-19.

Global markets were mixed ahead of a policy meeting of the European Central Bank and U.S. inflation data this week.

The ECB is expected to reaffirm its emergency bond purchases programme at the current pace as signs emerge that the euro zone is not recovering as quickly as expected, while the inflation reading would be the last key data ahead of the Federal Reserve meeting next week.

Swiss contract drugmaker Lonza gained 2.3% after Goldman Sachs upgraded the stock to "buy", while German airline Lufthansa fell 2.1% after the brokerage downgraded the stock to "sell". (Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru Editing by Sriraj Kalluvila and Peter Graff)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.04% 0.62267 Delayed Quote.-1.60%
BRITISH AMERICAN TOBACCO PLC -0.67% 2686 Delayed Quote.-0.07%
BRITISH POUND / EURO (GBP/EUR) 0.19% 1.17454 Delayed Quote.4.55%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.18% 0.673396 Delayed Quote.4.67%
DEUTSCHE LUFTHANSA AG -1.29% 9.216 Delayed Quote.-13.67%
EASYJET PLC -0.24% 823.6 Delayed Quote.-0.46%
FTSE 100 0.29% 7121.24 Delayed Quote.9.99%
INDIAN RUPEE / EURO (INR/EUR) 0.30% 0.011383 Delayed Quote.1.10%
LONZA GROUP AG 0.31% 721.6 Delayed Quote.26.48%
STOXX EUROPE 600 NR 0.66% 1048.17 Delayed Quote.18.45%
US DOLLAR / EURO (USD/EUR) 0.29% 0.844951 Delayed Quote.2.87%
All news about EASYJET PLC
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07/29The latest from London: Travel sector gets a boost from easing restrictions
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07/28A sigh of relief ripples through travel sector as restrictions lifted for vac..
07/28London Shares Close Up as Covid Cases Continue to Fall
07/28Wizz Air sees summer capacity close to pre-pandemic levels
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Sales 2021 1 407 M 1 961 M 1 961 M
Net income 2021 -993 M -1 384 M -1 384 M
Net Debt 2021 2 264 M 3 156 M 3 156 M
P/E ratio 2021 -3,91x
Yield 2021 -
Capitalization 3 756 M 5 219 M 5 236 M
EV / Sales 2021 4,28x
EV / Sales 2022 1,12x
Nbr of Employees 14 000
Free-Float 74,0%
Duration : Period :
easyJet plc Technical Analysis Chart | MarketScreener
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Technical analysis trends EASYJET PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 826,20 GBX
Average target price 1 077,62 GBX
Spread / Average Target 30,4%
EPS Revisions
Managers and Directors
Johan Peter Lundgren Chief Executive Officer & Director
Kenton Jarvis Chief Financial Officer
Robert John Orr Barton Non-Executive Chairman
Sam Kini Chief Data & Information Officer
Peter Brendan Bellew Chief Operating Officer
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