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Jun 20 2018, 07:45 IST/BST
Davy Conviction List
Ryanair replaces easyJet on our Conviction List
- Companies : Applegreen | Ryanair Holdings | easyJet
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Bank of Ireland | OUTPERFORM | 11/03/13 | Neutral | 14/08/12 | 680c |
| CRH | OUTPERFORM | 23/05/12 | Neutral | 12/01/12 | 3138c |
| Dalata Hotel Group | OUTPERFORM | 09/09/14 | Under Review | 03/09/14 | 637c |
| DCC | OUTPERFORM | 30/06/09 | N/A | N/A | 687500p |
| Grafton Group | OUTPERFORM | 15/12/15 | Neutral | 07/09/15 | 80300p |
| Kingspan Group | OUTPERFORM | 12/05/11 | Neutral | 30/06/09 | 4050c |
| Ryanair Holdings | OUTPERFORM | 07/12/09 | Neutral | 02/11/09 | 1602c |
| Smurfit Kappa Group | OUTPERFORM | 30/06/09 | N/A | N/A | 3444c |
| Kingfisher | OUTPERFORM | 02/10/17 | Neutral | 01/07/16 | 30450p |
| Applegreen | OUTPERFORM | 23/07/15 | N/A | N/A | 630c |
DAVY VIEW
We are replacing easyJet with Ryanair in our Conviction List. EasyJet is up over 30% since inclusion, and we believe that earnings momentum in Ryanair is now superior. The Conviction List is up almost 5% year-to-date, outperforming the broad market (E300) by over 500bps.
