Home / Royal Mail / easyJet’s (LON:EZJ) “Underweight” Rating Reaffirmed at Barclays

easyJet’s (LON:EZJ) “Underweight” Rating Reaffirmed at Barclays

easyJet (LON:EZJ)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Barclays in a research note issued on Monday, July 15th, ThisIsMoney.Co.Uk reports.

EZJ has been the topic of a number of other research reports. Liberum Capital reiterated a “sell” rating on shares of Marks and Spencer Group in a report on Friday, May 24th. Commerzbank lowered their price target on easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a “hold” rating on the stock in a report on Wednesday, May 22nd. JPMorgan Chase & Co. upgraded ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a report on Monday, June 3rd. Royal Bank of Canada reiterated an “outperform” rating on shares of in a report on Friday, June 21st. Finally, Oddo Bhf set a GBX 1,170 ($15.29) price target on easyJet and gave the company a “neutral” rating in a report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. easyJet presently has a consensus rating of “Hold” and a consensus target price of GBX 1,192.95 ($15.59).

Shares of LON EZJ traded down GBX 29 ($0.38) during mid-day trading on Monday, reaching GBX 1,001.50 ($13.09). The company had a trading volume of 3,090,653 shares, compared to its average volume of 2,170,000. The company has a debt-to-equity ratio of 58.86, a quick ratio of 0.50 and a current ratio of 0.60. The stock has a market capitalization of $3.98 billion and a PE ratio of 20.48. The business has a 50-day moving average price of GBX 978.11. easyJet has a 1-year low of GBX 840 ($10.98) and a 1-year high of GBX 1,636.50 ($21.38).

In other news, insider John Barton purchased 11,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). Insiders have purchased a total of 11,032 shares of company stock valued at $9,952,608 in the last three months.

About easyJet

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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