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

An increasingly favourable environment allows EASYJET PLC. to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of EASYJET PLC. (GB), a company active in the Airlines industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date November 12, 2019, the closing price was GBp 1,306.00 and its expected value was estimated at GBp 1,178.55.

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Some winter sun in Europe and Brexit chill eases

We are adopting a more upbeat stance on the winter season thanks to capacity increases being markedly less brisk than in previous years, which offsets the impact of a deterioration in demand. IAG (Buy vs Neutral – € 7.3) becomes our Top Pick for the sector. In our view, it is the stock that stands to gain the most from the streamlining of capacity (in the transatlantic network) and boasts the most attractive valuation. - >Genuine discipline in capacity for the winter seas...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Un hiver finalement doux en Europe et une détente sur le Brexit

Nous adoptons un ton plus optimiste sur l’hiver grâce à une croissance de l’offre tangiblement moins soutenue que lors des exercices précédents, ce qui permet de tempérer les effets de la dégradation de la demande. IAG (Achat vs Neutre – 7.3 €) devient notre Top Pick sur le secteur. C'est le titre qui, selon nous, bénéficiera le plus de la rationalité de l’offre (vers le transatlantique) et offre la valorisation la plus attractive. - >Une discipline capacitaire enfin bien...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 09/10/2019 - Altarea Cogedim, Anima Holding - EN

Altarea Cogedim, Anima Holding

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 09/10/2019 - Altarea Cogedim, Anima Holding - FR

Altarea Cogedim (Achat) : Nouvelle émission d’Altarea, l’obligation existante d’Altareit reste toujours attractive Anima Holding : Première émission de €300m prévue Grèce (Conserver) : Emission (tap) de €1,5 md de son obligation (GGB) de mars 2029 Cellnex (Achat) : Acquisition de la division télécoms du groupe Arqiva pour £2 mds Plastic Omnium (Achat) : Revoit à la baisse son objectif de marge opérationnelle à 6% Deutsche Bahn : Emission prévue de 2 hybrides Gestamp - S1-19 : EBITDA de €521m (+7,2% ; +9,0% à tcc) Fortum : Rachète...

easyJet Plc: Update to credit analysis

Our credit view of easyJet Plc, reflecting its strong competitive position despite cash flow pressures on account of aircraft investments.

Moody's announces completion of a periodic review of ratings of easyJet Plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of easyJet Plc. Global Credit Research- 15 May 2019. London, 15 May 2019-- Moody's Investors Service has completed a periodic review of the ratings of easyJet Plc and other ratings that are associated with the same analytical unit.

easyJet Plc: Update post Q3 fiscal 2018 trading statement - well positioned in the Baa1 rating

easyJet is solidly positioned within its Baa1 rating due to our expectations of growing profitability and despite cash flow pressures on account of aircraft investments

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Some winter sun in Europe and Brexit chill eases

We are adopting a more upbeat stance on the winter season thanks to capacity increases being markedly less brisk than in previous years, which offsets the impact of a deterioration in demand. IAG (Buy vs Neutral – € 7.3) becomes our Top Pick for the sector. In our view, it is the stock that stands to gain the most from the streamlining of capacity (in the transatlantic network) and boasts the most attractive valuation. - >Genuine discipline in capacity for the winter seas...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Un hiver finalement doux en Europe et une détente sur le Brexit

Nous adoptons un ton plus optimiste sur l’hiver grâce à une croissance de l’offre tangiblement moins soutenue que lors des exercices précédents, ce qui permet de tempérer les effets de la dégradation de la demande. IAG (Achat vs Neutre – 7.3 €) devient notre Top Pick sur le secteur. C'est le titre qui, selon nous, bénéficiera le plus de la rationalité de l’offre (vers le transatlantique) et offre la valorisation la plus attractive. - >Une discipline capacitaire enfin bien...

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...

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...

Charles Lepetitpas ...
  • Jerôme Bodin
  • Nicolas David
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/19/2019

...

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 – COMMENTAIRES DETAILLES 19/02/2019

En dépit d’une restructuration en profondeur (opérationnelle et financière), les multiples de valorisation de Veolia demeurent proches des niveaux historiques moyens. Le groupe a significativement réduit ses zones de risques industriels et bénéficie de son positionnement commercial renouvelé. L’optimisation va se poursuivre sur le moyen terme et alimenter la performance, avec une croissance externe ciblée. Si un risque de ralentissement macroéconomique existe, il ne se reflète pas enc...

An increasingly favourable environment allows EASYJET PLC. to improve to Neutral

The independent financial analyst theScreener just upgraded the general evaluation of EASYJET PLC. (GB), a company active in the Airlines industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains as risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date November 12, 2019, the closing price was GBp 1,306.00 and its expected value was estimated at GBp 1,178.55.

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

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...

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

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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...

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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...

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Aer Lingus Ltd - Strategy, SWOT and Corporate Finance Report

Aer Lingus Ltd - Strategy, SWOT and Corporate Finance Report Summary Aer Lingus Ltd - 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. Key Highlights Aer Lingus Ltd (Aer Lingus), a subsidiary of International Airlines Group (IAG), offers a range of passenger and cargo transportation services. The company through a fleet of aircrafts serves more than 100 routes from central airpo...

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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