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).
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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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.
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