Ryanair share price tipped to reach €25 mark

Davy Stockbrokers has raised its 12-month share price target for Ryanair to €16, adding that there is scope for the stock to rise as high as €25 per share.

Ryanair holds its AGM in Dublin next week. Earlier this week it cut passenger targets for Dublin and Shannon, said it would not be placing new planes in the UK over Brexit uncertainty, and expressed caution on its full-year guidance.

However, its shares were up nearly 4% yesterday at over €13.30. While it has clawed back much of the loss seen in the wake of June’s Brexit vote, the stock is still down by over 12% from where it started the year.