easyJet plc Price Target Cut to GBX 2,010 (EZJ)
Research analysts at Goldman Sachs decreased their target price on shares of easyJet plc (LON:EZJ) from GBX 2,105 ($36.04) to GBX 2,010 ($34.41) in a report released on Wednesday. The firm currently has a “strong-buy” rating on the stock. Goldman Sachs’ price target would suggest a potential upside of 51.81% from the company’s current price.
A number of other firms have also recently commented on EZJ. Analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of easyJet plc in a research note on Tuesday. They now have a GBX 1,500 ($25.68) price target on the stock. Separately, analysts at HSBC reiterated an “underweight” rating on shares of easyJet plc in a research note on Monday. They now have a GBX 1,250 ($21.40) price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of easyJet plc from GBX 1,800 ($30.82) to GBX 1,500 ($25.68) in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,711.70 ($29.30).
Shares of easyJet plc (LON:EZJ) traded up 3.68% on Wednesday, hitting GBX 1324.00. 3,425,607 shares of the company’s stock traded hands. easyJet plc has a 52 week low of GBX 1169.00 and a 52 week high of GBX 1853.0001. The stock has a 50-day moving average of GBX 1442. and a 200-day moving average of GBX 1611.06. The company’s market cap is £5.203 billion.
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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