easyJet PLC

EasyJet and its subsidiaries are a low-cost airline carrier operating principally in Europe. Co. operates in the European short-haul aviation market. As of Sept 30 2017, Co. operated 862 routes. Co.'s total fleet as at Sept 30 2017, comprised 279 aircraft, split between 156-seat Airbus A319s, 180-seat A320s, 186-seat A320s and 186-seat A320neos. Co.'s main markets are the U.K., France, Italy, Switzerland, Germany, Netherlands, Portugal and Spain.
  • TickerEZJ
  • ISINGB00B7KR2P84
  • ExchangeLondon Stock Exchange
  • SectorTravel & Leisure
  • CountryUnited Kingdom

Analysts

EASYJET PLC. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of EASYJET PLC. (GB), active in the Airlines industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date February 14, 2020, the closing price was GBp 1,498.50 and its target price was estimated at GBp 1,143.25.

Olfa Taamallah ...
  • Yan Derocles

ODDO : Correction triggered by the coronavirus – Opportunities on Ryanair and IAG

After a favourable winter season, we are expecting the summer season to be just as promising (despite the risks posed by oil and the coronavirus) with the positive capacity environment becoming ever-more manifest in the intra-European and transatlantic networks. This streamlined capacity coupled with resilient demand (UK) instils us with optimism about pricing, particularly for low-cost airlines and IAG. - >Delays in the Max's return to flight still favouring low-cost airl...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Correction du coronavirus – opportunité à saisir sur Ryanair et IAG

Après une saison hivernale solide, nous anticipons une saison estivale tout aussi prometteuse (en dépit des risques sur le pétrole et le coronavirus) caractérisée par une atonie de l’offre, toujours plus visible sur l’intra-européen et le transatlantique. Cette rationalisation de l’offre couplée à une bonne tenue la demande (Royaume-Uni) nous permet d’afficher plus d’optimisme sur le pricing chez les low-costs et chez IAG. - >Le décalage du retour du Max continue à profite...

Zhang Jun

easyJet plc

Zhang Jun

easyJet plc

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/01/2020 - Balder

= Fastighets AB Balder (Achat) : Nouvelle émission, une année 2019 active en transactions sur le marché immobilier nordique = Banco Sabadell (Vente) cède sa filiale de gestion d'actifs pour €430m = Netflix (Achat) : RN de $1,9 md (+54,1%) en 2019 = EasyJet (Achat) : Revoit à la hausse ses prévisions de revenu par siège pour le S1 2020 = Techem : Nouvelle émission de €600m = Arena Luxembourg – Empark (Achat) : Nouvelle émission de €575m de maturité 2027 Emetteurs : Croissance – FMI, Erste Group Bank, Portugal, C...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 09/01/2020 - Compagnies aériennes

Compagnies aériennes: Les marges opérationnelles seront résilientes en 2020 en Europe, la croissance des revenus est attendue autour de +4% Santander : Annonce l’exercice du call sur le titre AT1 CoCo avec ISIN XS1043535092 Leaseplan (Achat) : Emission de €500m à échéance 2024 de la maison mère Lincoln Finance Louis Dreyfus (Conserver) : Margarita Louis-Dreyfus détient désormais 96% du négociant BMW (Conserver) : Vente de 2,52m de voitures en 2019 (+1,2%) Daimler (Conserver) : Création d'une JV avec Geely pour produire des véhicules électriques Sma...

easyJet Plc: easyJet plan to offset all carbon emissions is likely to strengthen its brand position

The carbon emissions offset will likely strengthen easyJet's brand positioning amid growing environment awareness and an expanding “flight-shaming” movement.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 20/11/2019 - SES - EN

TP ICAP - Europe - Morning CreditUpdate 20/11/2019 - SES - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 20/11/2019 - SES - FR

SES (Achat hybrides) : L’incertitude sur le produit C-Band crée une opportunité d’Achat (+) Uniqa (Achat) - 9M-19 : Résultat avant impôts de €215m (+2,4%) Alpha Bank : Va titriser €12 mds de prêts douteux Ageas (Achat) : Rachat (Tender) des titres FRESH (AGSBB Float PERP) à un prix 59% Teva (Achat) : Emission de $2,1mds d’obligations senior à maturité 2025 Aldesa (Vente) : China Railway serait intéressé pour acquérir une participation majoritaire Stryker Corporation : Emission d’obligations de maturité 5 ans, 9 ans et 12 ans M...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Correction triggered by the coronavirus – Opportunities on Ryanair and IAG

After a favourable winter season, we are expecting the summer season to be just as promising (despite the risks posed by oil and the coronavirus) with the positive capacity environment becoming ever-more manifest in the intra-European and transatlantic networks. This streamlined capacity coupled with resilient demand (UK) instils us with optimism about pricing, particularly for low-cost airlines and IAG. - >Delays in the Max's return to flight still favouring low-cost airl...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Correction du coronavirus – opportunité à saisir sur Ryanair et IAG

Après une saison hivernale solide, nous anticipons une saison estivale tout aussi prometteuse (en dépit des risques sur le pétrole et le coronavirus) caractérisée par une atonie de l’offre, toujours plus visible sur l’intra-européen et le transatlantique. Cette rationalisation de l’offre couplée à une bonne tenue la demande (Royaume-Uni) nous permet d’afficher plus d’optimisme sur le pricing chez les low-costs et chez IAG. - >Le décalage du retour du Max continue à profite...

Zhang Jun

easyJet plc

Zhang Jun

easyJet plc

Zhang Jun

easyJet plc

1 director bought

A director at EasyJet bought 2,500 shares at 907p and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members al...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Harald Eggeling
  • Jean Sassus
  • Olfa Taamallah
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/22/2020

After Q4 2019, which is expected to show a decline, we believe that JCDecaux is likely to post a recovery in organic growth throughout 2020. At the same time, the EBITDA margin should improve steadily over the next five years with the advent of programmatic outdoor advertising. This medium should help drive an increase in the ROI in digital. This outlook leads us to raise our target price to € 35 (vs € 31) and supports our Buy rating. Cf. equity report published last evening. - ...

Alfred Glaser ...
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Harald Eggeling
  • Jean Sassus
  • Olfa Taamallah
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/01/2020

Après un T4 attendu en baisse, nous tablons sur un redressement de la croissance organique de JCDecaux tout au long de 2020. Parallèlement, la marge d’EBITDA devrait croître continuellement ces 5 prochaines années sous l’effet de l’avènement du programmatique « outdoor ». Ce support va permettre un ROI accru sur le numérique. Ces perspectives nous conduisent à un objectif de cours de 35 € (vs 31 €) et confortent notre opinion Achat. - ...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/09/2019

While we were expecting a slowdown in the IT services market, the Q1 earnings releases were reassuring, with growth maintained at +4.0% year-on-year. Moreover, the leading indicators improved significantly in recent quarters, which reassures us about the outlook. The sector’s valuation levels have eased, which offers an attractive entry point and is conducive to M&A. Our preference goes to Devoteam, in addition to Atos and Capgemini for which we have revised up our target prices. - Cf....

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Johanna Jourdain
  • Matthias Desmarais
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/07/2019

Tandis que nous nous attendions à un ralentissement du marché des Services IT, les publications du T1 ont été rassurantes, avec une croissance qui s’est maintenue à +4.0% yoy. De plus, les indicateurs avancés se sont améliorés au cours des derniers trimestres, ce qui nous rassure sur les perspectives, alors que les niveaux de valorisation du secteur se sont détendus, ce qui offre un point d’entrée attractif et favorise le M&A. Nous privilégions Devoteam ainsi qu'Atos et Capgemini sur ...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/19/2019

In spite of a thorough restructuring programme (operational and financial), Veolia’s valuation multiples remain close to their average historic levels. The group has significantly reduced its areas of industrial risk and is benefiting from its revamped commercial positioning. Optimisation is set to continue in the medium term and should drive performance, along with bolt-on acquisitions. Whilst there is a risk of macroeconomic slowdown, this is yet to be reflected in volumes. The valu...

EASYJET PLC. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of EASYJET PLC. (GB), active in the Airlines industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date February 14, 2020, the closing price was GBp 1,498.50 and its target price was estimated at GBp 1,143.25.

Zhang Jun

easyJet plc

Zhang Jun

easyJet plc

Zhang Jun

easyJet plc

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

MarketLine Department

International Consolidated Airlines Group, S.A. - Strategy, SWOT and Corporate Finance Report

Summary International Consolidated Airlines Group, S.A. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Scope - Detailed information on International Consolidated Airlines Group, S.A. required for business and competitor intelligence needs - A study of the major internal and external factors affecting International Consolidated Airlines Group, S.A. in the form of a SWOT anal...

MarketLine Department

Croatia Airlines dd - Strategy, SWOT and Corporate Finance Report

Summary Croatia Airlines dd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Croatia Airlines dd (Croatia Airlines) is a government-owned airlines company that offers air transport services. The company provides transport services in Croatia and Euro-Mediterranean countries serving passengers, mail and cargo markets. It also manages tourist trips, conferences, sym...

MarketLine Department

Turk Hava Yollari Anonim Ortakligi - Strategy, SWOT and Corporate Finance Report

Summary Turk Hava Yollari Anonim Ortakligi - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Turk Hava Yollari Anonim Ortakligi (Turkish Airlines) is a Turkey-based airline company, which is engaged in providing domestic and international passenger air transport and cargo services. Turkish Airlines also provides a range of technical and training services, and onlin...

MarketLine Department

Dart Group PLC - Strategy, SWOT and Corporate Finance Report

Summary Dart Group PLC - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Dart Group plc (Dart Group) is a provider of leisure and travel, and logistics and distribution services. The company offers leisure air travel and package holidays, and operates scheduled, charter and tour operator flights. It offers tour operator flights and charter flights through Jet2.com...

MarketLine Department

Alitalia - Societa Aerea Italiana S.p.A. - Strategy, SWOT and Corporate Finance Report

Summary Alitalia - Societa Aerea Italiana S.p.A. - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Alitalia - Societa Aerea Italiana S.p.A. (Alitalia) is an airline operator. The company provides passenger and cargo air transport services across various destinations in the world. Alitalia is a member of Sky Team alliance and operates long-haul, medium-haul, and reg...

Expert Corporate Governance Service (ECGS)

Easyjet - AGM 06 February 2020

Item 2 Advisory vote on the remuneration report: the remuneration is not over-complex, has an appropriate long-term focus and has been sufficiently justified in light of the company's specific circumstances and strategic objectives. The performance measures used in the incentive pay elements are sufficiently linked to the key performance indicators identified in the business review. There is a safety underpin for bonus. The remuneration level is acceptable, the performance conditions are challenging enough to recommend approval. Item 14: the Board welcomes Catherine Bradley CBE, a new indepen...

EasyJet PLC – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

EasyJet - February 07th, 2019

Item 2: Approve the Remuneration Report The structure is weighted more towards rewarding long-term performance, the payout is adequately aligned with performance, and the quantum is not excessive.

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Stocks

EAFE > EM; Add exposure to Japan Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). Below we highlight attractive and actionable themes within developed int'l: • Japan, Switzerland, Australia, Canada. Major Japanese indexes have been underperforming for nearly two years but are making bullish price and RS inflections and exhibit early signs of bottoming. Switzerland, Australia, and Canada are all trading at multi-year highs and are among the most attractive coun...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Squarely in the neutral camp At this point in time the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, EM) have failed to break above their respective resistance levels, leaving us squarely in the neutral camp. • We need to see more from cyclical value. We believe the aforementioned major global indexes are likely to remain below resistance or have limited upside unless and until we see more definitive signs of bottoming within cyclical value areas of the market (e.g., Materials, Energy, banks, major autos & parts, etc.)... see page 2. • Indicators supportive of a neutral outlook. Sever...

Jérôme VINERIER

Analyse court terme - EASYJET : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 1 313,40 p prochainement. Le prochain objectif est à 1 108,33 p, puis 989,70 p. Le franchissement de 1 435,50 p remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - EASYJET : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 1,313.40 p. The next target is at 1,108.33 p, then 989.70 p. Passing 1,435.50 p would question the continuation of the fall.

Jérôme VINERIER

Short term view - EASYJET : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 1,108.33 p. The background trend would be questioned should prices rise above 1,435.50 p.

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