HSBC Holdings plc Reaffirms “Buy” Rating for easyJet plc (EZJ)
easyJet plc (LON:EZJ)‘s stock had its “buy” rating reaffirmed by equities research analysts at HSBC Holdings plc in a note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 1,550 ($19.61) price objective on the stock. HSBC Holdings plc’s price target points to a potential upside of 13.80% from the stock’s current price.
A number of other analysts have also issued reports on EZJ. Beaufort Securities reissued a “buy” rating on shares of easyJet plc in a research note on Wednesday, June 7th. Credit Suisse Group reissued a “neutral” rating and set a GBX 1,278 ($16.17) target price on shares of easyJet plc in a research note on Wednesday, June 7th. J P Morgan Chase & Co boosted their target price on shares of easyJet plc from GBX 875 ($11.07) to GBX 1,210 ($15.31) and gave the company an “underweight” rating in a research note on Wednesday, May 31st. Liberum Capital reissued a “sell” rating and set a GBX 1,000 ($12.65) target price on shares of easyJet plc in a research note on Tuesday, June 6th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,150 ($14.55) target price (up from GBX 1,050 ($13.28)) on shares of easyJet plc in a research note on Monday, May 8th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,137.33 ($14.39).
easyJet plc (LON EZJ) traded up 1.57% during midday trading on Thursday, hitting GBX 1362.00. 3,175,644 shares of the stock traded hands. The company’s market cap is GBX 5.35 billion. The firm’s 50-day moving average is GBX 1,305.14 and its 200-day moving average is GBX 1,082.05. easyJet plc has a 52-week low of GBX 851.00 and a 52-week high of GBX 1,544.00.
In related news, insider Andrew Findlay acquired 115 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average price of GBX 1,411 ($17.85) per share, for a total transaction of £1,622.65 ($2,052.69). In the last 90 days, insiders have bought 297 shares of company stock worth $353,611.
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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