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easyJet (LON:EZJ)‘s stock had its “outperform” rating restated by analysts at Credit Suisse Group in a research report issued to clients and investors on Friday, June 28th, Borsen Zeitung reports. They currently have a GBX 1,206 ($15.76) price target on the stock. Credit Suisse Group’s target price points to a potential upside of 9.64% from the stock’s previous close.
A number of other equities research analysts have also recently issued reports on EZJ. JPMorgan Chase & Co. raised shares of ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a research note on Monday, June 3rd. Oddo Securities lowered easyJet to a “neutral” rating and decreased their price objective for the company from GBX 1,240 ($16.20) to GBX 1,170 ($15.29) in a report on Monday, May 20th. Royal Bank of Canada restated an “outperform” rating on shares of in a report on Friday, June 21st. HSBC lowered to a “reduce” rating and decreased their price objective for the company from GBX 1,100 ($14.37) to GBX 800 ($10.45) in a report on Wednesday, June 19th. Finally, Barclays reduced their price target on SpartanNash from $15.00 to $13.00 and set an “underweight” rating on the stock in a report on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. easyJet presently has a consensus rating of “Hold” and an average target price of GBX 1,192.95 ($15.59).
Shares of LON EZJ traded up GBX 24 ($0.31) during midday trading on Friday, reaching GBX 1,100 ($14.37). 10,952,606 shares of the stock were exchanged, compared to its average volume of 2,170,000. The firm has a 50-day moving average price of GBX 942.44. easyJet has a twelve month low of GBX 840 ($10.98) and a twelve month high of GBX 1,737 ($22.70). The company has a market capitalization of $4.37 billion and a price-to-earnings ratio of 22.49. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 58.86.
In related news, insider John Barton acquired 11,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of GBX 902 ($11.79) per share, with a total value of £99,220 ($129,648.50). Over the last three months, insiders have bought 11,032 shares of company stock valued at $9,952,608.
easyJet Company Profile
easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.
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