easyJet Upgraded to Reduce by AlphaValue (EZJ)
easyJet (LON:EZJ) was upgraded by stock analysts at AlphaValue to a “reduce” rating in a report issued on Thursday, Stock Ratings Network.com reports. The firm currently has a GBX 1,142 ($18.32) target price on the stock. AlphaValue’s price objective suggests a potential downside of 8.86% from the stock’s previous close.
A number of other analysts have also recently weighed in on EZJ. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of easyJet in a research note to investors on Monday. They now have a GBX 1,600 ($25.67) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of easyJet in a research note to investors on Thursday, October 3rd. They now have a GBX 1,518 ($24.35) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of easyJet in a research note to investors on Thursday, October 3rd. They now have a GBX 1,600 ($25.67) price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of GBX 1,322.22 ($21.21).
Shares of easyJet (LON:EZJ) traded up 3.04% during mid-day trading on Thursday, hitting GBX 1253.00. 1,063,972 shares of the company’s stock traded hands. easyJet has a 52-week low of GBX 594.607 and a 52-week high of GBX 1465.00. The stock’s 50-day moving average is GBX 1306. and its 200-day moving average is GBX 1225.. The company’s market cap is £4.924 billion.
easyJet plc (LON:EZJ) is an airline carrier operating in Europe.
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