EasyJet plc (LON:EZJ) today updated the market with it’s statistics for October
|Load Factor 2||90.2%||93.3%||(3.1)pp|
|Rolling 12 months ending
|October 2016||October 2015||Change|
|Load Factor 2||91.3%||91.7%||(0.4)pp|
Load factor for the month was down 3.1% compared to 2015, but passenger figures were up by 6.9% as a result of capacity increases across the network.
Easyjet has seen a target price increase from HSBC who upgraded the stock to a “buy” rating in a report released on Wednesday. The firm presently has a GBX 1,150 ($14.04) price target on the stock, up from their previous price target of GBX 800 ($9.77). HSBC’s target price would indicate a potential upside of 15.29% from the company’s previous close.
Royal Dutch Shell (LON: RDSB) rose as high as 2214gpx on Tuesday after result stat beat market expectations
But this wasn’t enough to see the share price drop to 2090gpx on Friday in response to a general depreciation of the Footsie. Arguably this on the back of a stronger pound caused by negative dialogue over a potential Trump victory in next weeks US elections. Citigroup’s research suggests that a Trump Victory could lead to a 5% fall in the S&P 500, and ultimately a recession, according to research from Citigroup.
On the note of the US election, PaddyPower Betfair are trembling at Trump’s recent rally in the polls. The company has declared 91% of last-minute betting has been on a Trump Win. The bookmaker is looking to see a hefty loss in the event of a Trump victory. Approximately £100k has been bet on the presidential race this week alone.
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On Tuesday Virgin Money updated the market with its Q3 results that were in line with the companies expectations
This wasn’t enough to see a general sell off of the stock, with the price of the stock hovering around 320gpx.