easyJet plc (EZJ) Downgraded by Societe Generale
Societe Generale lowered shares of easyJet plc (LON:EZJ) to a sell rating in a research note published on Monday. They currently have GBX 820 ($10.15) price target on the stock, down from their previous price target of GBX 1,150 ($14.23).
A number of other analysts have also recently weighed in on EZJ. Credit Suisse Group AG reiterated an outperform rating and set a GBX 1,532 ($18.96) price target on shares of easyJet plc in a research note on Monday, June 27th. Goldman Sachs Group Inc. restated a buy rating and issued a GBX 1,740 ($21.53) target price on shares of easyJet plc in a research note on Monday, June 27th. Citigroup Inc. reduced their target price on shares of easyJet plc from GBX 1,800 ($22.28) to GBX 1,600 ($19.80) and set a buy rating for the company in a research note on Monday, June 27th. Barclays PLC restated an equal weight rating and issued a GBX 1,630 ($20.17) target price on shares of easyJet plc in a research note on Tuesday, June 28th. Finally, Beaufort Securities cut shares of easyJet plc to a hold rating in a research note on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 1,341.92 ($16.61).
easyJet plc (LON:EZJ) opened at 887.805 on Monday. The firm has a 50-day moving average of GBX 1,058.73 and a 200-day moving average of GBX 1,251.88. 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 cap is GBX 3.50 billion.
In other news, insider Bierwirth,Andreas acquired 1,480 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were bought at an average price 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 that occurred on 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).
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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