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.

Read More: Guidelines for Successful Channel Trading

Analyst Recommendations for easyJet (LON:EZJ)



Receive News & Ratings for easyJet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for easyJet and related companies with MarketBeat.com’s FREE daily email newsletter.


Source link

About admin

Check Also

Mexican air wave attracts carriers with an eye on ‘nearshoring’ cargo flows

© Jorg Hackemann By Ian Putzger Americas correspondent 14/11/2024 Airfreight traffic in and out of …

Leave a Reply

Your email address will not be published. Required fields are marked *