HSBC Holdings plc Reiterates “GBX 1,550” Price Target for easyJet plc (EZJ)
easyJet plc (LON:EZJ) received a GBX 1,550 ($20.02) price objective from research analysts at HSBC Holdings plc in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. HSBC Holdings plc’s price objective points to a potential upside of 28.95% from the company’s previous close.
A number of other research analysts have also recently issued reports on the company. UBS AG reiterated a “buy” rating and set a price objective on shares of easyJet plc in a research note on Friday, June 23rd. Credit Suisse Group reiterated an “outperform” rating and set a GBX 1,583 ($20.44) price objective on shares of easyJet plc in a research note on Thursday. Liberum Capital reiterated a “sell” rating and set a GBX 1,100 ($14.21) price objective on shares of easyJet plc in a research note on Wednesday. Barclays PLC set a GBX 1,185 ($15.30) price objective on easyJet plc and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a GBX 1,310 ($16.92) price objective on shares of easyJet plc in a research note on Thursday. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,247.04 ($16.11).
Shares of easyJet plc (EZJ) opened at 1208.00 on Thursday. The company’s market cap is GBX 4.75 billion. The company’s 50-day moving average price is GBX 1,239.53 and its 200 day moving average price is GBX 1,214.84. easyJet plc has a one year low of GBX 851.00 and a one year high of GBX 1,444.00.
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In related news, insider Andrew Findlay purchased 119 shares of the business’s stock in a transaction on Friday, June 30th. The stock was acquired at an average price of GBX 1,363 ($17.60) per share, with a total value of £1,621.97 ($2,094.76). Insiders purchased 417 shares of company stock valued at $530,359 in the last ninety 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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