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Berenberg Bank upgraded shares of easyJet (LON:EZJ) to a buy rating in a report published on Friday, July 12th, ThisIsMoney.Co.Uk reports. They currently have GBX 1,120 ($14.63) price objective on the stock, up from their previous price objective of GBX 1,040 ($13.59).
Other analysts have also recently issued reports about the stock. Royal Bank of Canada restated an outperform rating on shares of in a research note on Friday, June 21st. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the company a hold rating in a research note on Friday, June 28th. Oddo Securities cut shares of easyJet to a reduce rating and decreased their price objective for the company from GBX 1,170 ($15.29) to GBX 1,050 ($13.72) in a research note on Tuesday, July 9th. Credit Suisse Group set a $180.00 price objective on shares of Accenture and gave the company a hold rating in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. upgraded shares of ROYAL MAIL PLC/ADR from an underweight rating to a neutral rating in a research note on Monday, June 3rd. Two 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 has a consensus rating of Hold and a consensus target price of GBX 1,192.95 ($15.59).
Shares of easyJet stock traded down GBX 42.50 ($0.56) on Friday, reaching GBX 1,030.50 ($13.47). The stock had a trading volume of 2,552,014 shares, compared to its average volume of 2,170,000. The firm’s 50 day moving average price is GBX 971.46. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 58.86. easyJet has a 1 year low of GBX 840 ($10.98) and a 1 year high of GBX 1,636.50 ($21.38). The stock has a market cap of $4.09 billion and a PE ratio of 21.07.
In related news, insider John Barton bought 11,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of GBX 902 ($11.79) per share, with a total value of £99,220 ($129,648.50). Insiders acquired 11,032 shares of company stock worth $9,952,608 in the last ninety days.
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.
See Also: Intrinsic Value
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