easyJet (EZJ) Upgraded by J P Morgan Chase & Co to Overweight
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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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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