Jefferies downgrades rating, trims forecast on Australia's Webjet

Web Travel

21/05/2025 21:08

** Analysts at Jefferies downgrade rating on Australian online travel agency Webjet WJL.AX to "hold" from "buy"

** Company on Wednesday reported a drop in its total transaction value (TTV) for fiscal year 2025 of A$1.50 billion ($965.25 million) down 6% from a year ago

** Webjet has "to swim hard against strong online travel agency (OTA) currents from a sub-scale position" - brokerage

** Brokerage adds it should have started achieving the aim of doubling TTV in terms of their flights, hotels and business by 2030, years ago

** Brokerage tweaks FY26 TTV growth down by 3% for the company

** However, Jefferies ups PT on WJL to A$0.95 from A$0.90, since the company kept its FY26 forecast unchanged

** Two of 10 analysts rate the stock "buy" or higher, six "hold" and two "sell" or lower; their median PT is A$1.12, according to data compiled by LSEG

** WJL stock flat this year, as of last close

($1 = 1.5540 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))