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Analysts at Barclays cut their target price on shares of easyJet plc (LON:EZJ) from GBX 1,900 ($32.36) to GBX 1,700 ($28.96) in a research report issued to clients and investors on Wednesday. The firm currently has an “overweight” rating on the stock. Barclays’ price objective indicates a potential upside of 28.30% from the company’s current price.

Shares of easyJet plc (LON:EZJ) traded down 1.78% on Wednesday, hitting GBX 1325.00. The stock had a trading volume of 2,803,666 shares. easyJet plc has a 1-year low of GBX 1169.00 and a 1-year high of GBX 1853.0001. The stock’s 50-day moving average is GBX 1518. and its 200-day moving average is GBX 1626.. The company’s market cap is £5.207 billion.

EZJ has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of easyJet plc in a research note on Thursday, June 26th. They now have a GBX 2,100 ($35.77) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of easyJet plc in a research note on Wednesday, June 25th. They now have a GBX 2,105 ($35.85) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of easyJet plc in a research note on Friday, June 20th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,713.87 ($29.19).

easyJet plc and its subsidiaries is a airline carrier operating principally in Europe. The Company operates approximately 600 routes across more than 30 countries with its fleet of over 200 Airbus aircraft.

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