J P Morgan Chase & Co upgraded shares of easyJet (LON:EZJ) to an overweight rating in a research report sent to investors on Wednesday. They currently have GBX 1,550 ($20.86) target price on the stock, up from their prior target price of GBX 1,330 ($17.90).

A number of other equities research analysts also recently issued reports on the stock. UBS restated a buy rating on shares of easyJet in a report on Monday, September 11th. Numis Securities downgraded shares of easyJet to a sell rating in a report on Monday, October 16th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 1,583 ($21.31) price target on shares of easyJet in a research report on Thursday, September 14th. reduced their price target on shares of easyJet from to and set a buy rating on the stock in a research report on Thursday, October 5th. Finally, Liberum Capital reaffirmed a sell rating and set a GBX 1,100 ($14.80) price target on shares of easyJet in a research report on Monday, November 6th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 1,375.84 ($18.52).

easyJet (LON:EZJ) traded up GBX 4.36 ($0.06) during trading on Wednesday, reaching GBX 1,447 ($19.48). 1,198,690 shares of the company were exchanged, compared to its average volume of 2,280,000. easyJet has a 52-week low of GBX 906.39 ($12.20) and a 52-week high of GBX 1,447 ($19.48).

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

In related news, insider Johan Lundgren purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of GBX 1,442 ($19.41) per share, with a total value of £288,400 ($388,156.12). Also, insider Andrew Findlay purchased 133 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was bought at an average cost of GBX 1,213 ($16.33) per share, for a total transaction of £1,613.29 ($2,171.32). Insiders purchased 20,406 shares of company stock worth $29,368,685 over the last ninety days.

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About easyJet

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)

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