easyJet plc (EZJ) Price Target Raised to GBX 1,000 at Liberum Capital
easyJet plc (LON:EZJ) had its price objective upped by investment analysts at Liberum Capital from GBX 825 ($10.73) to GBX 1,000 ($13.01) in a research report issued on Wednesday. The brokerage presently has a “sell” rating on the stock. Liberum Capital’s price objective indicates a potential downside of 23.14% from the company’s current price.
Several other analysts have also recently commented on EZJ. Canaccord Genuity cut shares of easyJet plc to a “sell” rating and increased their price target for the company from GBX 1,010 ($13.14) to GBX 1,076 ($14.00) in a research note on Wednesday, May 17th. Citigroup Inc reissued a “buy” rating and set a GBX 1,400 ($18.21) price target (up from GBX 1,100 ($14.31)) on shares of easyJet plc in a research note on Thursday, May 18th. HSBC Holdings plc reissued a “buy” rating and set a GBX 1,450 ($18.86) price target on shares of easyJet plc in a research note on Tuesday. Kepler Capital Markets cut shares of easyJet plc to a “hold” rating and increased their price target for the company from GBX 1,106 ($14.39) to GBX 1,300 ($16.91) in a research note on Wednesday, May 17th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,150 ($14.96) price target on shares of easyJet plc in a research note on Sunday. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 1,086.05 ($14.13).
Shares of easyJet plc (LON:EZJ) opened at 1328.7474 on Wednesday. The firm’s market capitalization is GBX 5.22 billion. The firm has a 50-day moving average price of GBX 1,167.60 and a 200-day moving average price of GBX 1,041.69. easyJet plc has a 52-week low of GBX 851.00 and a 52-week high of GBX 1,566.00.
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In related news, insider Andrew Findlay acquired 160 shares of the company’s stock in a transaction that occurred on Friday, March 31st. The shares were acquired at an average cost of GBX 1,014 ($13.19) per share, for a total transaction of £1,622.40 ($2,110.58). Over the last quarter, insiders acquired 373 shares of company stock worth $368,167.
easyJet plc Company Profile
easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
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