Ryanair shares marked ‘sell’

Ryanair shares have been marked “sell” by Merrion Stockbrokers as it believes the market is overvaluing the airline’s share price.

Merrion believes that Ryanair will be hit by both rising fuel and non-fuel costs.

Gerard Moore an analyst with Merrion said, “We believe the market overestimates Ryanair’s ability to recover this cost inflation.