UBS Group Reiterates GBX 1,660 Price Target for easyJet (EZJ)

easyJet (LON:EZJ) received a GBX 1,660 ($22.51) target price from equities research analysts at UBS Group in a report issued on Thursday, reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 8.53% from the stock’s current price.

EZJ has been the topic of several other research reports. reiterated a “buy” rating and set a GBX 1,500 ($20.34) price objective on shares of easyJet in a report on Thursday, October 19th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 1,565 ($21.22) price objective on shares of easyJet in a report on Friday, January 5th. Goldman Sachs Group set a GBX 1,330 ($18.04) price objective on shares of easyJet and gave the company a “neutral” rating in a report on Wednesday, November 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 1,380 ($18.71) price objective on shares of easyJet in a report on Monday, October 9th. Finally, Kepler Capital Markets upgraded shares of easyJet to a “buy” rating and upped their target price for the stock from GBX 1,300 ($17.63) to GBX 1,551 ($21.03) in a report on Tuesday, November 28th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,399.64 ($18.98).

Shares of easyJet (LON:EZJ) traded down GBX 7 ($0.09) during midday trading on Thursday, hitting GBX 1,529.50 ($20.74). 2,104,728 shares of the stock traded hands, compared to its average volume of 2,100,000. easyJet has a 52-week low of GBX 906.39 ($12.29) and a 52-week high of GBX 1,551 ($21.03). The firm has a market capitalization of $6,080.00 and a price-to-earnings ratio of 2,039.33.

In other news, insider Andrew Findlay sold 3,243 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of GBX 1,383 ($18.76), for a total transaction of £44,850.69 ($60,822.74). Also, insider Johan Lundgren bought 20,000 shares of easyJet stock in a transaction dated Wednesday, December 6th. The shares were bought at an average cost of GBX 1,442 ($19.56) per share, with a total value of £288,400 ($391,103.88). Insiders have bought a total of 20,371 shares of company stock valued at $29,353,602 over the last three months.

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easyJet Company Profile

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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