easyJet (LON:EZJ) Given a GBX 606 Price Target at The Goldman Sachs Group

The Goldman Sachs Group set a GBX 606 ($7.43) price objective on easyJet (LON:EZJGet Rating) in a research report sent to investors on Monday morning, Marketbeat Ratings reports.

A number of other brokerages have also recently issued reports on EZJ. Morgan Stanley set a GBX 800 ($9.80) target price on easyJet in a report on Monday, June 6th. Credit Suisse Group set a GBX 709 ($8.69) target price on easyJet in a research report on Tuesday, April 12th. Liberum Capital reissued a buy rating and issued a GBX 800 ($9.80) price objective on shares of easyJet in a report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft set a GBX 490 ($6.00) price objective on easyJet in a report on Wednesday, July 27th. Finally, HSBC set a GBX 725 ($8.88) target price on easyJet in a research note on Thursday, July 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of GBX 654 ($8.01).

easyJet Stock Performance

LON:EZJ opened at GBX 406.10 ($4.98) on Monday. The company has a market capitalization of £3.08 billion and a PE ratio of -3.78. easyJet has a fifty-two week low of GBX 338.25 ($4.14) and a fifty-two week high of GBX 865.80 ($10.61). The company has a 50 day simple moving average of GBX 413.91 and a two-hundred day simple moving average of GBX 514.04. The company has a debt-to-equity ratio of 169.63, a quick ratio of 0.96 and a current ratio of 1.22.

Insider Buying and Selling

In other news, insider Moni Mannings bought 2,639 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The stock was bought at an average price of GBX 377 ($4.62) per share, for a total transaction of £9,949.03 ($12,190.94). Insiders bought 2,711 shares of company stock worth $1,025,232 in the last quarter.

easyJet Company Profile

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easyJet plc operates as an airline carrier primarily in Europe. It also leases aircrafts, as well as operates tours; and provides financing services. As of September 31, 2021, the company operated 927 routes with approximately 308 aircrafts in 34 countries; and 153 airports. It sells seats through its own website www.easyjet.com and its ‘easyJet Worldwide' platform, its mobile application, global distribution systems, corporate online booking tools, content aggregators, and tour operator.

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