skip to content

Market News

Broker views: Transport, airlines and packaging

06 March 2017 16:11

Public transport provider Go-Ahead Group (LON:GOG) has been downgraded to hold (from buy) by Liberum Capital, which its says is based, in part, on slower regional bus growth and extra rail costs.

The broker added: "We are increasingly concerned that there may not be any value in the GTR rail franchise, with further execution challenges ahead. We now assume no value or earnings from GTR."

Liberum, cut its target price to 2,100p (from 2,440p).

Meanwhile, Kepler Cheuvreux says it expects easyJet (LON:EZJ) to benefit from improving price trends during summer months and that it believes the low cost airline has been over-proportionally impacted by last year's terrorist attacks.

Kepler upped its target price to 1,106p (from 1,053p), implying 16% upside potential, and raised its recommendation to buy (from hold).

Credit Suisse cut its recommendation on paper and packaging group Mondi (LON:MNDI) to neutral (from outperform), based on valuation.

The bank highlighted: "The share has delivered 1y total return of 52%, outperforming peers and market by ~35% and has rerated 2x points from its 10y average."

It added: "We see limited room for further structural improvement that could drive the share higher."

Target raised slightly to 2,100p (from 2,025p).

At 4:11pm:

(LON:EZJ) easyJet PLC share price was +10.75p at 967.25p

(LON:GOG) GoAhead Group The PLC share price was -94.5p at 1846.5p

(LON:MNDI) Mondi PLC share price was -14.5p at 1911.5p

Story provided by StockMarketWire.com

Related Company: GOG

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.