Citi cuts PT on Australia's Web Travel, keeps 'high risk' rating

Web Travel

10/03/2025 19:37

** Analysts at Citi lower price target on Australia's Web Travel Group WEB.AX to A$5.5 from A$5.65; keeps "neutral" rating on stock

** Brokerage also has a "high risk" rating for the WEB stock

** Citi sees evidence that revenue margins continue to be under some pressure

** Adds any further delays regarding domestic and international travel recovery would put further pressure on its forecasts for the firm

** 11 of 17 analysts rate the stock "buy" or higher, five "hold" and one "sell"; their median PT is A$5.86 – LSEG data

** Stock up 2.6% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com))