Macquarie Reiterates Outperform Rating for easyJet plc (EZJ)
easyJet plc (LON:EZJ)‘s stock had its “outperform” rating restated by equities researchers at Macquarie in a report released on Friday. They currently have a GBX 1,275 ($16.64) price target on the stock. Macquarie’s price target would suggest a potential upside of 24.88% from the company’s current price.
Other research analysts have also issued reports about the stock. Citigroup Inc. decreased their price target on shares of easyJet plc from GBX 1,800 ($23.50) to GBX 1,600 ($20.89) and set a “buy” rating for the company in a research note on Monday, June 27th. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 1,740 ($22.71) price objective on shares of easyJet plc in a research report on Monday, June 27th. Beaufort Securities reissued a “buy” rating on shares of easyJet plc in a research report on Tuesday, June 7th. Deutsche Bank AG reissued a “buy” rating and set a GBX 1,520 ($19.84) price objective on shares of easyJet plc in a research report on Tuesday, July 19th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 1,930 ($25.19) price objective on shares of easyJet plc in a research report on Thursday, August 25th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 1,561.52 ($20.38).
Shares of easyJet plc (LON:EZJ) opened at 1005.00 on Friday. The stock has a 50 day moving average of GBX 1,090.81 and a 200 day moving average of GBX 1,288.71. easyJet plc has a 52-week low of GBX 973.00 and a 52-week high of GBX 1,820.00. The company’s market cap is GBX 3.96 billion.
In related news, insider Brocklesby,Chris sold 2,294 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of GBX 1,193 ($15.57), for a total value of £27,367.42 ($35,723.04). Also, insider Bierwirth,Andreas purchased 1,480 shares of easyJet plc stock in a transaction that occurred on Wednesday, July 27th. The stock was acquired at an average price of GBX 1,004 ($13.11) per share, for a total transaction of £14,859.20 ($19,395.90).
easyJet plc Company Profile
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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