Mubasher: Ubhar Capital has announced the target price (TP) of Jazeera Airways at 716 fils, which is 26.7% higher than the current market price of 565 fils.
Ubhar has upgraded its recommendation on Jazeera Airways’ stock to “Buy” instead of “Accumulate”, according to a recent statement.
The upgrade of the stock’s evaluation followed the positive financial statements of the second quarter this year, when net income increased 15.5% year-on-year.
The statement noted that the airlines company registered a higher number of passengers.
