Macquarie Lowers easyJet plc (EZJ) Price Target to GBX 1,240
easyJet plc (LON:EZJ) had its target price lowered by equities researchers at Macquarie from GBX 1,275 ($15.78) to GBX 1,240 ($15.35) in a research report issued to clients and investors on Monday. The brokerage presently has an “outperform” rating on the stock. Macquarie’s price target would indicate a potential upside of 37.70% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,520 ($18.81) price target on shares of easyJet plc in a research note on Monday, July 25th. HSBC reissued a “reduce” rating on shares of easyJet plc in a research report on Tuesday, September 20th. Liberum Capital reissued a “sell” rating on shares of easyJet plc in a research report on Tuesday, September 6th. Beaufort Securities raised shares of easyJet plc to a “buy” rating in a research report on Friday, August 5th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a GBX 1,740 ($21.53) price objective on shares of easyJet plc in a research report on Monday, June 27th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,355.54 ($16.78).
Shares of easyJet plc (LON:EZJ) opened at 900.50 on Monday. The company has a 50-day moving average of GBX 1,064.18 and a 200-day moving average of GBX 1,254.38. easyJet plc has a 12 month low of GBX 851.00 and a 12 month high of GBX 1,809.00. The stock’s market capitalization is GBX 3.55 billion.
In other news, insider Bierwirth,Andreas acquired 1,480 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were purchased 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 easyJet plc stock in a transaction dated Friday, September 9th. The shares were sold at an average price of GBX 1,193 ($14.76), for a total transaction 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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