Macquarie Cuts easyJet plc (EZJ) Price Target to GBX 1,240
easyJet plc (LON:EZJ) had its target price decreased by analysts at Macquarie from GBX 1,275 ($16.64) to GBX 1,240 ($16.19) in a research report issued on Monday. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price target suggests a potential upside of 41.15% from the stock’s previous close.
EZJ has been the subject of several other reports. Investec cut easyJet plc to a “hold” rating and lowered their target price for the stock from GBX 2,050 ($26.76) to GBX 1,100 ($14.36) in a research note on Friday, July 22nd. Beaufort Securities reissued a “hold” rating on shares of easyJet plc in a research note on Friday, July 22nd. Deutsche Bank AG reaffirmed a “hold” rating on shares of easyJet plc in a report on Friday. Goodbody reaffirmed a “hold” rating on shares of easyJet plc in a report on Thursday. Finally, Liberum Capital reiterated a “sell” rating on shares of easyJet plc in a report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,378.25 ($17.99).
Shares of easyJet plc (LON:EZJ) opened at 879.00 on Monday. easyJet plc has a 12-month low of GBX 862.56 and a 12-month high of GBX 1,809.00. The firm’s market capitalization is GBX 3.46 billion. The company’s 50-day moving average price is GBX 1,075.18 and its 200 day moving average price is GBX 1,266.44.
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In related news, insider Bierwirth,Andreas purchased 1,480 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was bought at an average price of GBX 1,004 ($13.11) per share, with a total value of £14,859.20 ($19,395.90). Also, insider Brocklesby,Chris sold 2,294 shares of the firm’s stock in a transaction on 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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