easyJet plc (EZJ) Rating Reiterated by J P Morgan Chase & Co
easyJet plc (LON:EZJ)‘s stock had its “underweight” rating reaffirmed by J P Morgan Chase & Co in a research note issued to investors on Friday. They presently have a GBX 1,210 ($15.42) price target on the stock. J P Morgan Chase & Co’s target price indicates a potential downside of 10.30% from the company’s current price.
Several other research analysts have also recently weighed in on EZJ. HSBC Holdings plc reissued a “buy” rating and set a GBX 1,550 ($19.75) price target on shares of easyJet plc in a research report on Thursday, June 15th. Beaufort Securities restated a “buy” rating on shares of easyJet plc in a report on Wednesday, June 7th. Credit Suisse Group restated a “neutral” rating and issued a GBX 1,278 ($16.28) price objective on shares of easyJet plc in a report on Wednesday, June 7th. Liberum Capital restated a “sell” rating and issued a GBX 1,000 ($12.74) price objective on shares of easyJet plc in a report on Tuesday, June 6th. Finally, Barclays PLC restated an “equal weight” rating and issued a GBX 1,150 ($14.65) price objective (up from GBX 1,050 ($13.38)) on shares of easyJet plc in a report on Monday, May 8th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,137.33 ($14.49).
Shares of easyJet plc (LON EZJ) opened at 1347.00 on Friday. The stock’s market cap is GBX 5.29 billion. The stock has a 50 day moving average of GBX 1,314.60 and a 200 day moving average of GBX 1,085.65. easyJet plc has a 52 week low of GBX 851.00 and a 52 week high of GBX 1,544.00.
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In other news, insider Andrew Findlay bought 115 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were purchased at an average cost of GBX 1,411 ($17.98) per share, for a total transaction of £1,622.65 ($2,067.33). Insiders have purchased 297 shares of company stock worth $353,611 over the last 90 days.
easyJet plc Company Profile
easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
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