easyJet (EZJ) Upgraded by Morgan Stanley to “Overweight”
Morgan Stanley upgraded shares of easyJet (LON:EZJ) to an overweight rating in a report released on Friday. They currently have GBX 1,725 ($23.39) price target on the stock, up from their prior price target of GBX 1,490 ($20.21).
Several other equities research analysts have also commented on EZJ. Liberum Capital reiterated a sell rating and set a GBX 1,100 ($14.92) price objective on shares of easyJet in a research note on Friday, September 22nd. Royal Bank of Canada set a GBX 1,300 ($17.63) price target on easyJet and gave the company a neutral rating in a research report on Monday, September 25th. UBS Group set a GBX 1,465 ($19.87) price target on easyJet and gave the company a buy rating in a research report on Tuesday, September 26th. Credit Suisse Group restated an outperform rating and issued a GBX 1,583 ($21.47) price target on shares of easyJet in a research report on Thursday, September 28th. Finally, Societe Generale restated a sell rating and issued a GBX 1,050 ($14.24) price target on shares of easyJet in a research report on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. easyJet has an average rating of Hold and an average price target of GBX 1,409.04 ($19.11).
easyJet (LON:EZJ) traded down GBX 15.50 ($0.21) during trading hours on Friday, reaching GBX 1,569 ($21.28). The company’s stock had a trading volume of 1,716,263 shares, compared to its average volume of 2,060,000. easyJet has a 52 week low of GBX 906.39 ($12.29) and a 52 week high of GBX 1,589 ($21.55). The stock has a market cap of $6,270.00 and a price-to-earnings ratio of 2,092.00.
In related news, insider Andrew Findlay acquired 113 shares of easyJet stock in a transaction dated Friday, December 22nd. The shares were acquired at an average cost of GBX 1,435 ($19.46) per share, for a total transaction of £1,621.55 ($2,199.01). Also, insider Johan Lundgren acquired 20,000 shares of easyJet stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of GBX 1,442 ($19.56) per share, for a total transaction of £288,400 ($391,103.88). Over the last quarter, insiders bought 20,371 shares of company stock worth $29,353,602.
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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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