WEB Strength Confirms the Return of the Jet Set
It seems everybody’s travelling and making money, as confirmed on Wednesday by the big turnaround in the year to March 31 for online travel group Webjet.
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Webjet Limited
Over the past five years, we have been building a global portfolio of leading B2B travel providers, with the aim of offering the travel trade, the widest range of hotel inventory at the lowest possible prices. Throughout this process, our strategy has been to combine organic start-up businesses with the acquisition of established and reputable companies to ensure a fresh and creative approach alongside a wealth of experience. WebBeds now operates some of the fastest growing and most instantly recognised and respected brands in the industry.
We are very aware that our partners know, trust and enjoy excellent working relationships with our existing brand names so we won’t be rushing this process. For now, you can learn more about JacTravel, Sunhotels, Lots of Hotels, FIT Ruums and Totalstay
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News
Wings Slightly Up in September Half for Webjet
A modest return to profitability but no interim dividend for Webjet shareholders, as the company rode the return to the air by Australian travellers here and offshore.
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Bourse Discourse: WEB, NUF
Thursday’s ASX rout made it a tough day to be releasing results, but the show must go on. Here’s the latest from travel firm Webjet and agricultural chemical company Nufarm.
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Normality Still a Flight of Fancy for Webjet
Life after Covid is slowly becoming clearer for online travel group Webjet (ASX: WEB), but pre-pandemic times will not return until 2023, according to the company’s half year results on Wednesday.
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Webjet Sinks Further into the Red
More losses for online travel and accommodation agency Webjet have underlined the sector’s continuing problems with the pandemic and closed borders with a result again strewn with red ink.
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Analyst Views
WEB – Morgans rates the stock as Add
The broker maintains its Add rating and marginally decreases its target price to $6.55 from $6.60.
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WEB – Citi rates the stock as Neutral
Given softer data, Citi pushes out expectations and views the opportunity and risk/reward as balanced. Hence, a Neutral/High Risk rating is maintained. Target is raised to $6.04 from $5.27.
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WEB – Morgans rates the stock as Hold
Morgans increases the price target to $5.10 from $4.92. Hold is maintained.
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WEB – Morgans rates the stock as Hold
Morgans retains the Hold rating and $4.92 price target.
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WEB – Credit Suisse rates the stock as Downgrade to Neutral from Outperform
Credit Suisse eventually expects upside to the FY19 earnings base, primarily driven by the B2B division. However, with this division exposed to onerous travel restrictions in the northern hemisphere the broker tempers expectations and will look to get upbeat again once intra-regional leisure travel improves.
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