easyJet plc (EZJ) Price Target Lowered to GBX 966 at Credit Suisse Group AG
easyJet plc (LON:EZJ) had its target price reduced by Credit Suisse Group AG from GBX 1,109 ($14.48) to GBX 966 ($12.61) in a report issued on Thursday morning. Credit Suisse Group AG currently has a neutral rating on the stock.
Several other brokerages have also recently weighed in on EZJ. Goldman Sachs Group Inc. reissued a buy rating and issued a GBX 1,740 ($22.71) price objective on shares of easyJet plc in a research note on Monday, June 27th. Citigroup Inc. reduced their price objective on shares of easyJet plc from GBX 1,800 ($23.50) to GBX 1,600 ($20.89) and set a buy rating on the stock in a research note on Monday, June 27th. Royal Bank Of Canada reduced their price objective on shares of easyJet plc from GBX 1,300 ($16.97) to GBX 1,250 ($16.32) and set a sector performer rating on the stock in a research note on Friday, July 15th. Deutsche Bank AG cut shares of easyJet plc to a hold rating and reduced their price objective for the stock from GBX 1,310 ($17.10) to GBX 1,215 ($15.86) in a research note on Thursday, September 8th. Finally, Beaufort Securities reissued a buy rating on shares of easyJet plc in a research note on Wednesday, September 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 1,425.75 ($18.61).
easyJet plc (LON:EZJ) traded down 4.02% during mid-day trading on Thursday, hitting GBX 896.00. The company’s stock had a trading volume of 13,169,817 shares. The firm has a 50 day moving average of GBX 1,078.65 and a 200-day moving average of GBX 1,270.21. The firm’s market cap is GBX 3.53 billion. easyJet plc has a 52-week low of GBX 884.28 and a 52-week high of GBX 1,809.00.
In other news, insider Brocklesby,Chris sold 2,294 shares of the firm’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 transaction of £27,367.42 ($35,723.04). Also, insider Bierwirth,Andreas acquired 1,480 shares of the stock in a transaction dated Wednesday, July 27th. The shares were bought at an average price of GBX 1,004 ($13.11) per share, for a total transaction of £14,859.20 ($19,395.90).
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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