easyJet plc (LON:EZJ) Receives GBX 613 Consensus Target Price from Brokerages

easyJet plc (LON:EZJ) has earned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 613.

A number of equities research analysts have recently weighed in on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 850 target price on shares of easyJet in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft cut their price objective on easyJet from GBX 600 to GBX 535 and set a “hold” rating on the stock in a research report on Friday, September 19th. Jefferies Financial Group reissued a “buy” rating on shares of easyJet in a research report on Monday, September 22nd. Citigroup dropped their price target on easyJet from GBX 520 to GBX 500 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. downgraded easyJet to an “underweight” rating and decreased their price objective for the stock from GBX 500 to GBX 400 in a report on Monday, December 1st.

Insider Buying and Selling at easyJet

In other easyJet news, insider Harald Eisenächer purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of GBX 476 per share, for a total transaction of £19,040. Over the last quarter, insiders have bought 4,063 shares of company stock valued at $1,933,858. 15.15% of the stock is owned by corporate insiders.

easyJet Price Performance

EZJ opened at GBX 513 on Friday. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. The stock has a market capitalization of £3.85 billion, a PE ratio of 7.93, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49. The stock’s 50 day moving average price is GBX 484.52 and its 200-day moving average price is GBX 494.65. easyJet has a 52-week low of GBX 401.05 and a 52-week high of GBX 590.60.

easyJet (LON:EZJ) last released its quarterly earnings results on Tuesday, November 25th. The company reported GBX 66.40 earnings per share for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. On average, equities research analysts predict that easyJet will post 67.3369565 EPS for the current year.

About easyJet

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.