Credit Suisse Upgrades easyJet to Outperform (EZJ)
easyJet (LON:EZJ) was upgraded by equities research analysts at Credit Suisse to an “outperform” rating in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has a GBX 1,980 ($32.63) target price on the stock, up from their previous target price of GBX 1,518 ($25.02). Credit Suisse’s price target suggests a potential upside of 16.95% from the company’s current price.
easyJet (LON:EZJ) traded up 2.67% during mid-day trading on Monday, hitting GBX 1693.00. The stock had a trading volume of 1,399,406 shares. easyJet has a one year low of GBX 842.22 and a one year high of GBX 1707.00. The stock’s 50-day moving average is GBX 1503.56 and its 200-day moving average is GBX 1359.. The company’s market cap is £6.655 billion.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital downgraded shares of easyJet to a “hold” rating in a research note to investors on Friday. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of easyJet in a research note to investors on Wednesday, January 8th. Finally, analysts at Goodbody Stockbrokers Ltd reiterated a “buy” rating on shares of easyJet in a research note to investors on Friday, December 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company. easyJet has an average rating of “Buy” and an average price target of GBX 1,428.55 ($23.54).
easyJet plc (LON:EZJ) is an airline carrier operating in Europe.
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