easyJet plc (EZJ) Rating Reiterated by Canaccord Genuity
easyJet plc (LON:EZJ)‘s stock had its “sell” rating reaffirmed by analysts at Canaccord Genuity in a research note issued to investors on Thursday. They presently have a GBX 1,076 ($14.05) target price on the stock. Canaccord Genuity’s price objective indicates a potential downside of 19.34% from the stock’s previous close.
Several other research firms have also commented on EZJ. J P Morgan Chase & Co reaffirmed an “underweight” rating and set a GBX 875 ($11.43) price target on shares of easyJet plc in a research report on Wednesday, May 17th. Liberum Capital reaffirmed a “sell” rating and set a GBX 1,000 ($13.06) price target on shares of easyJet plc in a research report on Monday. Goldman Sachs Group, Inc. (The) downgraded easyJet plc to a “neutral” rating and lifted their target price for the company from GBX 970 ($12.67) to GBX 1,300 ($16.98) in a research note on Friday, June 16th. HSBC Holdings plc lifted their target price on easyJet plc from GBX 1,250 ($16.32) to GBX 1,450 ($18.93) and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, Bank of America Corporation lifted their target price on easyJet plc from GBX 1,030 ($13.45) to GBX 1,050 ($13.71) and gave the company a “neutral” rating in a research note on Monday, March 27th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,213.65 ($15.85).
Shares of easyJet plc (LON:EZJ) traded down 5.92% during midday trading on Thursday, hitting GBX 1334.00. The stock had a trading volume of 5,916,031 shares. easyJet plc has a one year low of GBX 851.00 and a one year high of GBX 1,444.00. The stock’s market cap is GBX 5.24 billion. The firm has a 50 day moving average price of GBX 1,366.93 and a 200 day moving average price of GBX 1,144.51.
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In related news, insider Andrew Findlay purchased 119 shares of the business’s stock in a transaction dated Friday, June 30th. The stock was bought at an average cost of GBX 1,363 ($17.80) per share, with a total value of £1,621.97 ($2,118.01). Over the last three months, insiders bought 266 shares of company stock valued at $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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