Credit Suisse Group Analysts Give easyJet (EZJ) a GBX 1,565 Price Target
easyJet (LON:EZJ) has been given a GBX 1,565 ($21.06) price objective by analysts at Credit Suisse Group in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 10.60% from the company’s current price.
Several other research firms also recently weighed in on EZJ. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 1,550 ($20.86) target price on shares of easyJet in a research report on Tuesday. Morgan Stanley lifted their target price on easyJet from GBX 1,230 ($16.55) to GBX 1,490 ($20.05) and gave the company an “equal weight” rating in a research report on Monday, December 4th. Liberum Capital reiterated a “sell” rating and set a GBX 1,100 ($14.80) target price on shares of easyJet in a research report on Wednesday, December 6th. Sanford C. Bernstein set a GBX 1,600 ($21.53) target price on easyJet and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Kepler Capital Markets upgraded easyJet to a “buy” rating and lifted their target price for the company from GBX 1,300 ($17.50) to GBX 1,551 ($20.87) in a research report on Tuesday, November 28th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,375.84 ($18.52).
easyJet (LON:EZJ) opened at GBX 1,415 ($19.04) on Thursday. 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 news, insider Andrew Findlay bought 133 shares of easyJet stock in a transaction dated Friday, September 29th. The shares were purchased at an average cost of GBX 1,213 ($16.33) per share, with a total value of £1,613.29 ($2,171.32). Also, insider Johan Lundgren bought 20,000 shares of easyJet stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of GBX 1,442 ($19.41) per share, for a total transaction of £288,400 ($388,156.12). Insiders bought 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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