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Ryanair shares could see 30 percent rise in next year -Barron's

Reuters - UK Focus

NEW YORK, May 15 (Reuters) - Ryanair Holdings (Xetra: RY4B.DE - news) shares could rise 30 percent in the next 12 months after being buffeted by head winds in 2016, Barron's reported over the weekend.

The report said Ryanair's shares now appear attractively priced. At Friday's close of 12.81 euros ($14.47), Ryanair Holdings traded for just 11 times estimated earnings for the financial year ending March 2017.

If the European economy continues to grow, the Dublin-based carrier could generate more than 5 billion euros in cash between 2016 and 2020, the report said.

(Reporting by Marcy Nicholson; Editing by Cynthia Osterman)