Citigroup Cuts easyJet (LON:EZJ) Price Target to GBX 490

easyJet (LON:EZJ) had its price target trimmed by Citigroup from GBX 500 to GBX 490 in a report published on Monday, Marketbeat.com reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on EZJ. Deutsche Bank Aktiengesellschaft cut easyJet to a “sell” rating and dropped their price objective for the stock from GBX 535 to GBX 465 in a report on Thursday, January 15th. Panmure Gordon upped their target price on easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a report on Tuesday, November 25th. Peel Hunt reiterated a “buy” rating and issued a GBX 850 price target on shares of easyJet in a report on Tuesday, November 25th. JPMorgan Chase & Co. downgraded shares of easyJet to an “underweight” rating and reduced their price objective for the company from GBX 500 to GBX 400 in a research report on Monday, December 1st. Finally, UBS Group restated a “buy” rating and issued a GBX 800 price objective on shares of easyJet in a report on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 625.

easyJet Price Performance

Shares of easyJet stock opened at GBX 495.50 on Monday. The firm has a market cap of £3.70 billion, a PE ratio of 7.66, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49. easyJet has a 12-month low of GBX 401.05 and a 12-month high of GBX 590.60. The company has a quick ratio of 1.09, a current ratio of 1.02 and a debt-to-equity ratio of 110.33. The company’s fifty day simple moving average is GBX 495.24 and its two-hundred day simple moving average is GBX 485.85.

easyJet (LON:EZJ) last issued its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 EPS for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. As a group, equities analysts expect that easyJet will post 67.3369565 EPS for the current year.

Insider Buying and Selling at easyJet

In other news, insider Harald Eisenächer purchased 4,000 shares of easyJet stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average cost of GBX 476 per share, with a total value of £19,040. Insiders purchased 4,061 shares of company stock worth $1,933,698 in the last 90 days. Insiders own 15.22% of the company’s stock.

About easyJet

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.