easyJet plc (LON:EZJ) Given Average Recommendation of “Hold” by Brokerages

Shares of easyJet plc (LON:EZJ) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is GBX 632.50.

A number of equities analysts have recently weighed in on EZJ shares. Citigroup dropped their price target on shares of easyJet from GBX 520 to GBX 500 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. UBS Group reaffirmed a “buy” rating and set a GBX 800 price objective on shares of easyJet in a research report on Friday. Panmure Gordon increased their target price on shares of easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. lowered easyJet to an “underweight” rating and cut their target price for the company from GBX 500 to GBX 400 in a report on Monday, December 1st. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 850 price target on shares of easyJet in a research report on Tuesday, November 25th.

Insiders Place Their Bets

In other news, insider Harald Eisenächer purchased 4,000 shares of the firm’s stock in a transaction 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 three months, insiders have acquired 4,061 shares of company stock worth $1,933,698. 15.15% of the stock is owned by insiders.

easyJet Trading Up 0.2%

Shares of EZJ opened at GBX 485.10 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. The stock has a market capitalization of £3.63 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.59 and a beta of 2.49. easyJet has a 1-year low of GBX 401.05 and a 1-year high of GBX 590.60. The business’s 50-day moving average price is GBX 491.97 and its 200 day moving average price is GBX 489.27.

easyJet (LON:EZJ) last posted its quarterly earnings data 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%. Analysts expect that easyJet will post 67.3369565 earnings per share 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.