Home / Royal Mail / easyJet (LON:EZJ) Raised to “Buy” at Berenberg Bank

easyJet (LON:EZJ) Raised to “Buy” at Berenberg Bank

Berenberg Bank upgraded shares of easyJet (LON:EZJ) to a buy rating in a research report report published on Friday, July 12th, Borsen Zeitung reports. They currently have GBX 1,120 ($14.63) target price on the stock, up from their prior target price of GBX 1,040 ($13.59).

A number of other equities analysts have also commented on the stock. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the stock a hold rating in a report on Friday, June 28th. Oddo Securities lowered shares of easyJet to a reduce rating and cut their price objective for the stock from GBX 1,170 ($15.29) to GBX 1,050 ($13.72) in a report on Tuesday, July 9th. UBS Group set a $25.00 price objective on shares of Macy’s and gave the stock a hold rating in a report on Friday, May 17th. Royal Bank of Canada reissued an outperform rating on shares of in a research report on Friday, June 21st. Finally, JPMorgan Chase & Co. raised shares of ROYAL MAIL PLC/ADR from an underweight rating to a neutral rating in a research report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 1,192.95 ($15.59).

Shares of EZJ opened at GBX 1,100 ($14.37) on Friday. The firm has a market cap of $4.37 billion and a price-to-earnings ratio of 22.49. The company has a fifty day moving average of GBX 942.44. easyJet has a fifty-two week low of GBX 840 ($10.98) and a fifty-two week high of GBX 1,737 ($22.70). The company has a debt-to-equity ratio of 58.86, a quick ratio of 0.50 and a current ratio of 0.60.

In related news, insider John Barton purchased 11,000 shares of easyJet stock in a transaction on Thursday, May 23rd. The stock was purchased 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 acquired 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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Analyst Recommendations for easyJet (LON:EZJ)



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