easyJet plc (EZJ) Earns “Outperform” Rating from Credit Suisse Group
easyJet plc (LON:EZJ)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a research report issued on Thursday. They presently have a GBX 1,583 ($20.67) price target on the stock. Credit Suisse Group’s price target indicates a potential upside of 11.64% from the stock’s previous close.
EZJ has been the subject of a number of other research reports. Barclays PLC reissued an “equal weight” rating and set a GBX 1,150 ($15.02) target price on shares of easyJet plc in a report on Monday. Royal Bank Of Canada upgraded easyJet plc to a “sector perform” rating and raised their price target for the stock from GBX 875 ($11.43) to GBX 1,325 ($17.30) in a research report on Tuesday, May 23rd. HSBC Holdings plc restated a “buy” rating and issued a GBX 1,550 ($20.24) price target on shares of easyJet plc in a research report on Thursday, June 15th. Canaccord Genuity restated a “sell” rating and issued a GBX 1,076 ($14.05) price target on shares of easyJet plc in a research report on Thursday. Finally, UBS AG restated a “buy” rating and issued a price target on shares of easyJet plc in a research report on Friday, June 23rd. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,213.65 ($15.85).
Shares of easyJet plc (LON:EZJ) traded down 5.92% during midday trading on Thursday, reaching GBX 1334.00. 4,123,548 shares of the company’s stock traded hands. easyJet plc has a 52-week low of GBX 851.00 and a 52-week high of GBX 1,444.00. The stock’s market cap is GBX 5.24 billion. The stock has a 50 day moving average of GBX 1,367.85 and a 200-day moving average of GBX 1,143.17.
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In other news, insider Andrew Findlay purchased 119 shares of easyJet plc stock in a transaction dated Friday, June 30th. The shares were bought at an average cost of GBX 1,363 ($17.80) per share, for a total transaction of £1,621.97 ($2,118.01). Over the last 90 days, insiders have bought 266 shares of company stock worth $367,928.
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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