easyJet plc (LON:EZJ) had its target price raised by stock analysts at Credit Suisse Group from GBX 1,527 ($20.15) to GBX 1,565 ($20.65) in a research report issued to clients and investors on Monday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 22.94% from the company’s previous close.
A number of other research firms have also weighed in on EZJ. Liberum Capital restated a “sell” rating and issued a GBX 1,000 ($13.20) target price on shares of easyJet plc in a report on Monday, July 17th. UBS AG set a GBX 1,465 ($19.33) target price on easyJet plc and gave the company a “buy” rating in a report on Friday, October 13th. Investec restated a “hold” rating and issued a GBX 1,400 ($18.47) target price on shares of easyJet plc in a report on Friday, July 21st. Barclays PLC raised their target price on easyJet plc from GBX 1,185 ($15.64) to GBX 1,340 ($17.68) and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Finally, Beaufort Securities restated a “buy” rating on shares of easyJet plc in a report on Friday, July 21st. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,260.43 ($16.63).
Shares of easyJet plc (LON EZJ) opened at 1273.00 on Monday. The firm has a 50-day moving average price of GBX 1,249.84 and a 200 day moving average price of GBX 1,271.34. easyJet plc has a 1-year low of GBX 906.39 and a 1-year high of GBX 1,444.00. The company’s market cap is GBX 5.00 billion.
In related news, insider Andrew Findlay purchased 133 shares of easyJet plc stock in a transaction dated Friday, September 29th. The stock was bought at an average cost of GBX 1,213 ($16.01) per share, for a total transaction of £1,613.29 ($2,128.91). Insiders acquired 305 shares of company stock valued at $368,067 over the last three months.
About easyJet plc
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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