Analyse Lufthansa stock

Adjusted price target instead of confirmation of 7.80 EUR
7.80 EUR is around 22% below the current price of 9.98 EUR and is therefore formally still close to the permissible range, but based on the available key figures it seems too conservative.

Quantitative:
• P/E ratio is 9.39 not expensive for a cyclical airline, but not at a distress level either.
• With a market capitalization of EUR 12.08 billion and a price close to 52W high of EUR 10.09, the market is already signaling operational stabilization.
• The range EUR 6.72-10.09 shows high cyclicality, but also a clear upward revaluation; a target of 7.80...