News Snippet: A couple of highlights from the week

EasyJet plc (LON:EZJ) today updated the market with it’s statistics for October

Month ending

 

 

October 2016

 

October 2015    

 

Change

Passengers1 6,842,699 6,398,796 6.9%
Load Factor 2 90.2% 93.3% (3.1)pp
Rolling 12 months ending

 

October 2016    October 2015 Change
Passengers1 73,581,729 69,193,476 6.3%
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.

 

Would you like me to research Paddypower Betfair or another company, Contact RiskyBear to make your request
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.

 

 

 

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