easyJet (LON:EZJ) had its price target upped by Morgan Stanley from GBX 1,230 ($16.45) to GBX 1,490 ($19.92) in a research note released on Monday, December 4th. The brokerage currently has an equal weight rating on the stock.
A number of other equities analysts also recently weighed in on EZJ. Barclays set a GBX 1,185 ($15.84) target price on shares of easyJet and gave the company a neutral rating in a research note on Wednesday, August 9th. reaffirmed a buy rating and set a GBX 1,550 ($20.72) target price on shares of easyJet in a research note on Friday, September 29th. Goldman Sachs Group set a GBX 1,330 ($17.78) target price on shares of easyJet and gave the company a neutral rating in a research note on Friday, September 29th. Deutsche Bank reaffirmed a hold rating and set a GBX 1,310 ($17.52) target price on shares of easyJet in a research note on Thursday, August 10th. Finally, Credit Suisse Group reaffirmed an outperform rating and set a GBX 1,583 ($21.17) target price on shares of easyJet in a research note on Thursday, September 28th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 1,395.04 ($18.65).
easyJet (LON EZJ) traded up GBX 23 ($0.31) during mid-day trading on Monday, reaching GBX 1,464 ($19.57). 800,871 shares of the company were exchanged, compared to its average volume of 2,330,000. easyJet has a 12 month low of GBX 906.39 ($12.12) and a 12 month high of GBX 1,468.01 ($19.63). The company has a market capitalization of $5,740.00 and a P/E ratio of 1,952.00.
In other news, insider Johan Lundgren acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average cost of GBX 1,442 ($19.28) per share, for a total transaction of £288,400 ($385,613.05). Also, insider Andrew Findlay acquired 122 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average price of GBX 1,322 ($17.68) per share, for a total transaction of £1,612.84 ($2,156.49). Insiders have bought a total of 20,383 shares of company stock worth $29,368,458 in the last quarter.
easyJet Company Profile
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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