easyJet plc (EZJ) Receives Reduce Rating from HSBC
easyJet plc (LON:EZJ)‘s stock had its “reduce” rating reissued by stock analysts at HSBC in a research note issued to investors on Tuesday.
A number of other research analysts have also weighed in on EZJ. Macquarie reissued an “outperform” rating and issued a GBX 2,100 ($27.41) target price on shares of easyJet plc in a research note on Monday, May 23rd. Deutsche Bank AG decreased their target price on shares of easyJet plc from GBX 1,850 ($24.15) to GBX 1,830 ($23.89) and set a “buy” rating on the stock in a research note on Friday, May 27th. Goldman Sachs Group Inc. decreased their target price on shares of easyJet plc from GBX 2,380 ($31.07) to GBX 2,287 ($29.85) and set a “conviction-buy” rating on the stock in a research note on Friday, May 27th. Beaufort Securities reissued a “buy” rating on shares of easyJet plc in a research note on Tuesday, June 7th. Finally, Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 1,532 ($20.00) target price on shares of easyJet plc in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 1,601.74 ($20.91).
Shares of easyJet plc (LON:EZJ) traded up 2.18% on Tuesday, reaching GBX 1031.00. The company had a trading volume of 2,633,075 shares. The company’s 50 day moving average price is GBX 1,092.33 and its 200-day moving average price is GBX 1,290.61. easyJet plc has a 1-year low of GBX 973.00 and a 1-year high of GBX 1,820.00. The stock’s market capitalization is GBX 4095.22 billion.
In other news, insider Bierwirth,Andreas purchased 1,480 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased at an average cost of GBX 1,004 ($13.11) per share, with a total value of £14,859.20 ($19,395.90). Also, insider Brocklesby,Chris sold 2,294 shares of the stock in a transaction dated Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($15.57), for a total transaction of £27,367.42 ($35,723.04).
About easyJet plc
easyJet plc is a United Kingdom-based short-haul airline. The Company operates in the short-haul European aviation market. The Company operates through the route network segment. The Company operates approximately 600 routes across over 30 countries with its fleet consisting of approximately 200 Airbus aircraft.
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