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

easyJet (LON:EZJ) Upgraded by Berenberg Bank to “Buy”

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

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

Shares of LON EZJ traded down GBX 42.50 ($0.56) during trading on Friday, reaching GBX 1,030.50 ($13.47). 2,168,423 shares of the stock traded hands, compared to its average volume of 2,170,000. The firm has a 50-day moving average of GBX 971.46. The stock has a market cap of $4.09 billion and a PE ratio of 21.07. The company has a debt-to-equity ratio of 58.86, a current ratio of 0.60 and a quick ratio of 0.50. easyJet has a 52-week low of GBX 840 ($10.98) and a 52-week high of GBX 1,636.50 ($21.38).

In other news, insider John Barton bought 11,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). In the last 90 days, insiders bought 11,032 shares of company stock valued at $9,952,608.

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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Analyst Recommendations for easyJet (LON:EZJ)



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