easyJet plc’s (EZJ) Neutral Rating Reaffirmed at Credit Suisse Group AG
Credit Suisse Group AG reaffirmed their neutral rating on shares of easyJet plc (LON:EZJ) in a research report released on Wednesday. The brokerage currently has a GBX 1,278 ($16.51) price objective on the stock.
A number of other analysts have also weighed in on the stock. Beaufort Securities restated a buy rating on shares of easyJet plc in a research note on Wednesday. Liberum Capital reiterated a sell rating and issued a GBX 1,000 ($12.92) price target on shares of easyJet plc in a research note on Tuesday. HSBC Holdings plc lifted their price target on shares of easyJet plc from GBX 1,450 ($18.74) to GBX 1,550 ($20.03) and gave the stock a buy rating in a research note on Friday, June 2nd. JPMorgan Chase & Co. lifted their price target on shares of easyJet plc from GBX 875 ($11.31) to GBX 1,210 ($15.64) and gave the stock an underweight rating in a research note on Wednesday, May 31st. Finally, Royal Bank of Canada upgraded shares of easyJet plc to a sector perform rating and lifted their price target for the stock from GBX 875 ($11.31) to GBX 1,325 ($17.12) in a research note on Tuesday, May 23rd. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 1,121.62 ($14.49).
Shares of easyJet plc (LON:EZJ) traded up 0.53% during midday trading on Wednesday, reaching GBX 1340.00. 3,077,026 shares of the company’s stock were exchanged. The firm has a 50-day moving average of GBX 1,271.56 and a 200-day moving average of GBX 1,069.51. The stock’s market capitalization is GBX 5.27 billion. easyJet plc has a 12-month low of GBX 851.00 and a 12-month high of GBX 1,544.00.
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In other easyJet plc news, insider Andrew Findlay bought 115 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average price of GBX 1,411 ($18.23) per share, for a total transaction of £1,622.65 ($2,096.72). In the last 90 days, insiders have purchased 316 shares of company stock valued at $368,408.
easyJet plc Company Profile
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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