easyJet plc (EZJ) Upgraded to “Buy” by Investec
easyJet plc (LON:EZJ) was upgraded by analysts at Investec to a “buy” rating in a research note issued to investors on Wednesday. The firm presently has a GBX 1,600 ($21.04) price target on the stock, up from their previous price target of GBX 1,400 ($18.41). Investec’s price objective suggests a potential upside of 16.66% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Liberum Capital reissued a “sell” rating and set a GBX 1,100 ($14.47) price target on shares of easyJet plc in a research report on Wednesday, August 16th. Societe Generale reissued a “sell” rating and set a GBX 1,050 ($13.81) price target on shares of easyJet plc in a research report on Monday, October 9th. J P Morgan Chase & Co reissued an “underweight” rating and set a GBX 1,330 ($17.49) price target on shares of easyJet plc in a research report on Tuesday. Beaufort Securities reissued a “buy” rating and set a GBX 1,460 ($19.20) price target on shares of easyJet plc in a research report on Tuesday. Finally, HSBC Holdings PLC lifted their price target on shares of easyJet plc from GBX 1,500 ($19.73) to GBX 1,550 ($20.39) and gave the company a “buy” rating in a research report on Wednesday. Seven research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. easyJet plc currently has an average rating of “Hold” and an average target price of GBX 1,295.42 ($17.04).
easyJet plc (LON:EZJ) opened at GBX 1,371.50 ($18.04) on Wednesday. easyJet plc has a 12-month low of GBX 906.39 ($11.92) and a 12-month high of GBX 1,444 ($18.99).
In other easyJet plc news, insider Andrew Findlay purchased 133 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average price of GBX 1,213 ($15.95) per share, with a total value of £1,613.29 ($2,121.91). In the last ninety days, insiders have purchased 426 shares of company stock worth $528,205.
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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