easyJet (EZJ) Price Target Raised to GBX 1,490

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.

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

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.

TRADEMARK VIOLATION WARNING: “easyJet (EZJ) Price Target Raised to GBX 1,490” was originally posted by Week Herald and is the property of of Week Herald. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://weekherald.com/2017/12/30/morgan-stanley-raises-easyjet-ezj-price-target-to-gbx-1490.html.

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.

Analyst Recommendations for easyJet (LON:EZJ)

Receive News & Ratings for easyJet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for easyJet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply