TUI AG Reg Shs (DI) (TUI)

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Share Price:
448.20p
Market Cap:
4,927.48m
Change Today:
17.10p
Sector:
Tourism and Leisure Services

Deutsche Banks starts Tui coverage with 'hold' rating

By Sean Farrell

Date: Thursday 08 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Deutsche Bank recommended sticking with Tui shares as it initiated coverage of the world's biggest travel and tourism company.
The bank gave Tui's shares a 'hold' rating with a price target of €4.40 or 375p.

The Anglo-German tour operator has been hit hard by Covid-19 restrictions, which have crushed the market for foreign holidays. In March the company trimmed its capacity for the peak summer months to 75% of 2019 levels from 80% though it said bookings were encouraging and showed strong pent-up demand for travel.

"Tui is a fully integrated leader in the tour operator business in Europe, with the markets and airlines divisions funnelling traffic to the holiday experiences divisions," Deutsche analyst Andre Juillard said in a note to clients. "Tui is a highly seasonal business, with almost all of its full-year profits earned in Q4 (Jul-Sep), giving the group's earnings a skewed risk profile if the environment remains as it is now."

Shares of Tui fell 1.1% to 392.8p in London at 10:49 GMT.

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TUI Market Data

Currency UK Pounds
Price 448.20p
Change Today 17.10p
52 Week High 452.80p
52 Week Low 168.61p
Volume 4,081,967
Shares Issued 1,099.39m
Market Cap 4,927.48m

Performance Indicators

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 3
Strong Sell 9
Total 16
sell
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