Barclays Reiterates “Overweight” Rating for easyJet (EZJ)
easyJet (LON:EZJ)‘s stock had its “overweight” rating reaffirmed by Barclays in a research note issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 1,845 ($30.32) target price on the stock. Barclays’ price target suggests a potential upside of 8.34% from the company’s current price.
A number of other firms have also recently commented on EZJ. Analysts at Jefferies Group raised their price target on shares of easyJet from GBX 1,620 ($26.62) to GBX 1,800 ($29.58) in a research note to investors on Friday, January 31st. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of easyJet in a research note to investors on Monday, January 27th. They now have a GBX 1,600 ($26.29) price target on the stock. Finally, analysts at HSBC downgraded shares of easyJet to an “underweight” rating in a research note to investors on Friday, January 24th. They now have a GBX 1,600 ($26.29) price target on the stock, up previously from GBX 1,375 ($22.60). Four analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. easyJet presently has an average rating of “Hold” and an average price target of GBX 1,506.33 ($24.75).
Shares of easyJet (LON:EZJ) traded up 2.53% on Thursday, hitting GBX 1703.0001. The stock had a trading volume of 1,195,712 shares. easyJet has a one year low of GBX 946.50 and a one year high of GBX 1743.00. The stock’s 50-day moving average is GBX 1607. and its 200-day moving average is GBX 1396.. The company’s market cap is £6.694 billion.
easyJet plc (LON:EZJ) is an airline carrier operating in Europe.
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