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Ryanair tipped to fly as high as €17

Zak Mir thinks the Ryanair Holdings Plc (LON:RYA) can add the best part of 20% to its share price over the summer months as he sets a €17 target for the stock.

“There’s been a slow grind higher over the past six months that was from the October floor at the €11 level,” explains Mir in the latest Proactive Investors Bulletin Board.

“Since then a slowly rising 200-day moving average and a rising trend channel from as long ago as June last year.

“The implication is that at least while hold above the €14 area we could head as high as €17 at the top of the channel over the next three to four months.”

Quick facts: Ryanair Holdings plc

Price: 11.555 EUR

LSE:RYA
Market: LSE
Market Cap: €13 billion
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