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    RYA   IE00BYTBXV33

RYANAIR HOLDINGS PLC

(RYA)
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Real-time Irish Stock Exchange  -  05/18 06:27:58 am EDT
14.37 EUR   +2.31%
04:11aRYANAIR HLDGS : Deutsche Bank remains its Buy rating
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02:22aRYANAIR HLDGS : Gets a Buy rating from Goldman Sachs
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05/17Ryanair Reports Full Year Loss Of EUR355m; Traffic Recovers Strongly To 97m But At Lower Fares
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Travel stocks lead European shares higher as airlines soar

01/20/2022 | 12:17pm EDT
German share price index DAX graph is pictured at the stock exchange in Frankfurt

(Reuters) - European shares ended higher on Thursday with travel stocks leading gains after Ryanair expressed confidence in a recovery this year, while bond yields retreated from recent peaks, taking some pressure off equities.

The pan-European STOXX 600 closed up 0.5%, overcoming early losses and extending a recovery into a second consecutive session.

Travel stocks were the best performing European sector, rising 2.9% as airline shares jumped after Ryanair's optimistic take on travel trends in 2022.

Shares of low-cost carrier rose 4.2%.

Broader European equities benefited as German bond yields dropped back below 0%, retreating from a series of strong gains this week. [GVD/EUR]

Utility and technology stocks rose 1.7% and 1.5%, respectively. The two sectors usually tend to underperfrom in high-rate environments, and have fallen substantially this year.

The broad STOXX 600 index has struggled for direction this week as investors fretted over soaring inflation and eventual policy tightening this year. Positive earnings updates and commodity-linked gains, however, aided sentiment.

Data showed German producer prices rose at a record rate in December, driven by higher energy prices.

Still, European Central Bank head Christine Lagarde said inflation in the region would ease gradually over the year, given that its main drivers- surging energy prices and supply bottlenecks- were expected to subside.

"Investors are considering the best port of call in a world where money stops sloshing around, and growth stock darlings begin to look less attractive," said AJ Bell financial analyst Danni Hewson.

"With the price of oil and gas so high, and consumers under pressure, the threat of even higher prices will be making great big clanging noises in investors' ears," Hewson said.

Energy stocks retreated from near two-year highs as crude oil prices dipped after a month-long rally. [O/R]

Among other stocks, Unilever fell 0.5% after it said it would not raise its 50 billion pound ($68 billion) offer to buy GlaxoSmithKline's consumer healthcare business, which GSK previously rejected.

GSK shares fell 1.8%.

Deliveroo rose 1.4% after reporting a 36% year-on-year jump in the gross value of orders on its platform in the fourth quarter, and as the food delivery company hit the top of its guidance range with a 70% rise for the year.

Metal-cutting tools and mining gear maker Sandvik advanced 1.3% after posting quarterly earnings just above analysts' expectations and noting strong demand.

German sportswear maker Puma rose 1.2% after posting stronger-than-expected preliminary quarterly sales and core profit.

(Reporting by Anisha Sircar and Ambar Warrick in Bengaluru; editing by Uttaresh.V, Ramakrishnan M. and Tomasz Janowski)

By Anisha Sircar and Ambar Warrick


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AJ BELL PLC 0.00% 270 Delayed Quote.-28.84%
AJ NETWORKS CO., LTD. 0.61% 6630 End-of-day quote.22.55%
BELL FINANCIAL GROUP LIMITED 1.22% 1.24 Delayed Quote.-34.32%
DELIVEROO PLC -3.65% 92.82 Delayed Quote.-54.06%
LONDON BRENT OIL 0.15% 113 Delayed Quote.44.71%
PUMA SE -0.45% 65.9 Delayed Quote.-38.36%
RYANAIR HOLDINGS PLC 2.31% 14.37 Real-time Quote.-7.90%
S&P GSCI CRUDE OIL INDEX 1.32% 608.9552 Real-time Quote.48.68%
SANDVIK AB 1.42% 195.75 Delayed Quote.-23.59%
STOXX EUROPE 600 NR 0.03% 1003.25 Delayed Quote.-9.81%
UNILEVER PLC 0.11% 3669 Delayed Quote.-7.08%
WTI 0.13% 111.056 Delayed Quote.47.74%
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Analyst Recommendations on RYANAIR HOLDINGS PLC
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Financials
Sales 2022 4 936 M 5 199 M 5 199 M
Net income 2022 -345 M -363 M -363 M
Net Debt 2022 2 015 M 2 123 M 2 123 M
P/E ratio 2022 -47,0x
Yield 2022 -
Capitalization 15 934 M 16 784 M 16 784 M
EV / Sales 2022 3,64x
EV / Sales 2023 1,73x
Nbr of Employees 18 500
Free-Float 96,0%
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Mean consensus BUY
Number of Analysts 20
Last Close Price 14,05 €
Average target price 18,68 €
Spread / Average Target 33,0%
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Managers and Directors
Michael O’Leary Chief Executive Officer & Executive Director
Neil Sorahan Treasurer
Stan McCarthy Non-Executive Chairman
John Hurley Chief Technology Officer
Julie O'Neill Independent Non-Executive Director
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