easyJet (LON:EZJ) Upgraded to Overweight by J P Morgan Chase & Co

J P Morgan Chase & Co upgraded shares of easyJet (LON:EZJ) to an overweight rating in a research note released on Wednesday, December 6th, Marketbeat.com reports. J P Morgan Chase & Co currently has GBX 1,550 ($20.86) price target on the stock, up from their previous price target of GBX 1,330 ($17.90).

A number of other equities research analysts have also commented on the company. UBS reaffirmed a buy rating on shares of easyJet in a research report on Monday, September 11th. Numis Securities lowered easyJet to a sell rating in a research report on Monday, October 16th. Credit Suisse Group reissued an outperform rating and issued a GBX 1,583 ($21.31) target price on shares of easyJet in a research report on Thursday, September 14th. Liberum Capital reissued a sell rating and issued a GBX 1,100 ($14.80) target price on shares of easyJet in a research report on Monday, November 6th. Finally, lowered their price target on easyJet from to and set a buy rating on the stock in a research report on Thursday, October 5th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 1,375.84 ($18.52).

easyJet (LON EZJ) traded down GBX 9 ($0.12) during midday trading on Wednesday, hitting GBX 1,417 ($19.07). The stock had a trading volume of 7,321,454 shares, compared to its average volume of 2,340,000. easyJet has a 52 week low of GBX 906.39 ($12.20) and a 52 week high of GBX 1,468.01 ($19.76).

The business also recently declared a dividend, which will be paid on Friday, March 23rd. Stockholders of record on Thursday, March 1st will be given a GBX 40.90 ($0.55) dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a dividend yield of 3%.

In other easyJet news, insider Andrew Findlay purchased 122 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was purchased at an average price of GBX 1,322 ($17.79) per share, with a total value of £1,612.84 ($2,170.71). Also, insider Johan Lundgren purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average cost of GBX 1,442 ($19.41) per share, with a total value of £288,400 ($388,156.12). Insiders purchased a total of 20,403 shares of company stock worth $29,367,632 over the last ninety days.

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About easyJet

easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.

Analyst Recommendations for easyJet (LON:EZJ)

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