Canaccord Genuity Reiterates “Hold” Rating for easyJet plc (EZJ)

easyJet plc (LON:EZJ)‘s stock had its “hold” rating reissued by analysts at Canaccord Genuity in a research report issued on Monday. They presently have a GBX 1,200 ($15.84) target price on the stock. Canaccord Genuity’s price target points to a potential downside of 10.38% from the company’s previous close.

A number of other research analysts have also recently commented on EZJ. Deutsche Bank AG increased their price target on easyJet plc from GBX 1,200 ($15.84) to GBX 1,290 ($17.02) and gave the company a “hold” rating in a research note on Wednesday, July 5th. Beaufort Securities reiterated a “buy” rating on shares of easyJet plc in a research note on Friday, July 7th. Credit Suisse Group set a GBX 1,583 ($20.89) price target on easyJet plc and gave the company a “buy” rating in a research note on Friday, July 7th. J P Morgan Chase & Co set a GBX 1,340 ($17.68) price target on easyJet plc and gave the company a “sell” rating in a research note on Friday, July 14th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 1,000 ($13.20) price target on shares of easyJet plc in a research note on Monday, July 17th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. easyJet plc currently has an average rating of “Hold” and an average target price of GBX 1,260.43 ($16.63).

Shares of easyJet plc (LON EZJ) opened at 1339.00 on Monday. The firm’s market capitalization is GBX 5.26 billion. easyJet plc has a 1-year low of GBX 906.39 and a 1-year high of GBX 1,444.00. The stock has a 50 day moving average price of GBX 1,258.54 and a 200 day moving average price of GBX 1,277.83.

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In other news, insider Andrew Findlay bought 135 shares of easyJet plc stock in a transaction dated Thursday, August 31st. The stock was bought at an average cost of GBX 1,195 ($15.77) per share, for a total transaction of £1,613.25 ($2,128.86). Over the last 90 days, insiders bought 427 shares of company stock valued at $529,351.

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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