HSBC Reiterates Reduce Rating for easyJet plc (EZJ)
easyJet plc (LON:EZJ)‘s stock had its “reduce” rating reaffirmed by analysts at HSBC in a report issued on Tuesday. They presently have a GBX 800 ($9.75) target price on the stock. HSBC’s target price would suggest a potential downside of 8.41% from the stock’s current price.
Several other analysts have also recently commented on the company. Citigroup Inc. reduced their target price on easyJet plc from GBX 1,600 ($19.50) to GBX 1,500 ($18.28) and set a “buy” rating on the stock in a report on Friday, July 22nd. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 1,740 ($21.21) target price on shares of easyJet plc in a report on Monday, June 27th. Deutsche Bank AG reduced their target price on easyJet plc from GBX 1,830 ($22.30) to GBX 1,520 ($18.53) and set a “buy” rating on the stock in a report on Thursday, July 7th. Beaufort Securities upgraded easyJet plc to a “buy” rating in a report on Friday, August 5th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 1,930 ($23.52) target price on shares of easyJet plc in a report on Thursday, August 25th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,341.92 ($16.35).
easyJet plc (LON:EZJ) traded up 5.55% during mid-day trading on Tuesday, hitting GBX 922.00. 3,748,284 shares of the stock were exchanged. easyJet plc has a 1-year low of GBX 851.00 and a 1-year high of GBX 1,809.00. The stock has a 50 day moving average price of GBX 1,038.31 and a 200 day moving average price of GBX 1,238.51. The company’s market capitalization is GBX 3.63 billion.
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In other easyJet plc news, insider Brocklesby,Chris sold 2,294 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($14.54), for a total value of £27,367.42 ($33,354.56). Also, insider Bierwirth,Andreas bought 1,480 shares of the business’s stock in a transaction on Wednesday, July 27th. The stock was bought at an average price of GBX 1,004 ($12.24) per share, with a total value of £14,859.20 ($18,109.93).
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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