easyJet plc (EZJ) Rating Lowered to Neutral at Bank of America Corp.
easyJet plc (LON:EZJ) was downgraded by Bank of America Corp. to a “neutral” rating in a report issued on Friday. They presently have a GBX 1,050 ($13.00) price objective on the stock, down from their prior price objective of GBX 1,300 ($16.09). Bank of America Corp.’s price objective points to a potential upside of 19.93% from the stock’s previous close.
Several other brokerages have also issued reports on EZJ. JPMorgan Chase & Co. lowered easyJet plc to a “neutral” rating and dropped their price target for the company from GBX 1,900 ($23.51) to GBX 1,150 ($14.23) in a research note on Wednesday, July 20th. Citigroup Inc. dropped their price target on easyJet plc from GBX 1,800 ($22.28) to GBX 1,600 ($19.80) and set a “buy” rating on the stock in a research note on Monday, June 27th. Goodbody reissued a “hold” rating on shares of easyJet plc in a research note on Tuesday, September 6th. Kepler Capital Markets dropped their price target on easyJet plc from GBX 965 ($11.94) to GBX 866 ($10.72) and set a “reduce” rating on the stock in a research note on Friday. Finally, Credit Suisse Group AG dropped their price target on easyJet plc from GBX 1,109 ($13.73) to GBX 966 ($11.96) and set a “neutral” rating on the stock in a research note on Thursday, October 6th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,364.50 ($16.89).
Shares of easyJet plc (LON:EZJ) opened at 865.50 on Friday. The firm’s market cap is GBX 3.41 billion. easyJet plc has a one year low of GBX 851.00 and a one year high of GBX 1,809.00. The firm’s 50-day moving average price is GBX 1,068.72 and its 200 day moving average price is GBX 1,258.61.
In other easyJet plc news, insider Bierwirth,Andreas bought 1,480 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were acquired at an average cost of GBX 1,004 ($12.43) per share, for a total transaction of £14,859.20 ($18,390.10). Also, insider Brocklesby,Chris sold 2,294 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($14.76), for a total value of £27,367.42 ($33,870.57).
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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