Citigroup Inc. Lowers easyJet plc (EZJ) Price Target to GBX 1,200
easyJet plc (LON:EZJ) had its price target lowered by research analysts at Citigroup Inc. from GBX 1,500 ($19.58) to GBX 1,200 ($15.66) in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective points to a potential upside of 33.93% from the stock’s previous close.
Several other analysts have also recently commented on the company. Beaufort Securities restated a “buy” rating on shares of easyJet plc in a research report on Friday. Goodbody restated a “hold” rating on shares of easyJet plc in a research report on Thursday. Societe Generale restated a “hold” rating and issued a GBX 1,150 ($15.01) target price on shares of easyJet plc in a research report on Thursday. Goldman Sachs Group Inc. restated a “buy” rating and issued a GBX 1,280 ($16.71) target price on shares of easyJet plc in a research report on Thursday. Finally, Credit Suisse Group AG lowered their target price on easyJet plc from GBX 1,109 ($14.48) to GBX 966 ($12.61) and set a “neutral” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. easyJet plc currently has an average rating of “Hold” and a consensus price target of GBX 1,425.75 ($18.61).
easyJet plc (LON:EZJ) traded down 4.02% during trading on Friday, reaching GBX 896.00. The company had a trading volume of 13,169,817 shares. The firm’s market capitalization is GBX 3.53 billion. The stock has a 50 day moving average price of GBX 1,074.46 and a 200 day moving average price of GBX 1,267.59. easyJet plc has a 12 month low of GBX 884.28 and a 12 month high of GBX 1,809.00.
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In other easyJet plc news, insider Bierwirth,Andreas acquired 1,480 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average cost of GBX 1,004 ($13.11) per share, for a total transaction of £14,859.20 ($19,395.90). Also, insider Brocklesby,Chris sold 2,294 shares of easyJet plc stock in a transaction dated Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($15.57), for a total value of £27,367.42 ($35,723.04).
easyJet plc Company Profile
easyJet plc is a United Kingdom-based short-haul airline. The Company operates in the short-haul European aviation market. The Company operates through the route network segment. The Company operates approximately 600 routes across over 30 countries with its fleet consisting of approximately 200 Airbus aircraft.
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