easyJet plc (LON:EZJ) had its target price cut by research analysts at Kepler Capital Markets from GBX 965 ($12.60) to GBX 866 ($11.30) in a research report issued to clients and investors on Friday. The brokerage presently has a “reduce” rating on the stock. Kepler Capital Markets’ price objective points to a potential downside of 3.35% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Citigroup Inc. reduced their price objective on easyJet plc from GBX 1,500 ($19.58) to GBX 1,200 ($15.66) and set a “buy” rating for the company in a research report on Friday. Beaufort Securities restated a “buy” rating on shares of easyJet plc in a report on Friday. JPMorgan Chase & Co. lowered easyJet plc to a “neutral” rating and cut their target price for the company from GBX 1,900 ($24.80) to GBX 1,150 ($15.01) in a report on Wednesday, July 20th. Numis Securities Ltd restated a “hold” rating and set a GBX 1,200 ($15.66) target price on shares of easyJet plc in a report on Thursday. Finally, Goodbody restated a “hold” rating on shares of easyJet plc in a report on Thursday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,425.75 ($18.61).

Analyst Recommendations for easyJet plc (LON:EZJ)

easyJet plc (LON:EZJ) traded down 4.02% on Friday, reaching GBX 896.00. The company’s stock had a trading volume of 13,169,817 shares. easyJet plc has a 52 week low of GBX 884.28 and a 52 week high of GBX 1,809.00. The firm’s market capitalization is GBX 3.53 billion. The stock’s 50 day moving average is GBX 1,074.46 and its 200-day moving average is GBX 1,267.59.

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In other easyJet plc news, insider Brocklesby,Chris sold 2,294 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of GBX 1,193 ($15.57), for a total transaction of £27,367.42 ($35,723.04). Also, insider Bierwirth,Andreas bought 1,480 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were acquired at an average price of GBX 1,004 ($13.11) per share, with a total value of £14,859.20 ($19,395.90).

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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