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Idp Education Limited

( ASX:IEL ) - ASX200 Consumer Services

News

IDP Capitalises On Global Demand For A Good Education

IDP Education (ASX:IEL) is a provider of international student placement and English language testing services. It also owns English language schools in South East Asia and organises educational events and conferences. IDP’s strong result for the six months to December 2016 saw a spike in its share price, and confirmed our faith in this high quality business.

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Analyst Views

IEL – Macquarie rates the stock as Outperform

The broker has reviewed its position on IDP Education post equity raising, envisiging a three-stage recovery beginning with localised lockdowns and travel restrictions extending lower volumes, followed by lockdowns easing but travel restrictions lagging in FY21, and finally normalisation in FY22 with IDP taking market share.

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