easyJet plc (EZJ) Receives Average Recommendation of “Hold” from Brokerages
easyJet plc (LON:EZJ) has been assigned an average rating of “Hold” from the twenty-six analysts that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,248.92 ($16.31).
Several analysts have recently issued reports on the stock. Barclays PLC restated an “equal weight” rating and set a GBX 1,150 ($15.02) target price on shares of easyJet plc in a research report on Monday. Royal Bank Of Canada upgraded shares of easyJet plc to a “sector perform” rating and upped their target price for the company 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 set a GBX 1,550 ($20.24) target price on shares of easyJet plc in a research report on Thursday, June 15th. Credit Suisse Group set a GBX 1,583 ($20.67) target price on shares of easyJet plc and gave the company a “buy” rating in a research report on Friday, July 7th. Finally, Canaccord Genuity restated a “sell” rating and set a GBX 1,076 ($14.05) target price on shares of easyJet plc in a research report on Thursday.
In other easyJet plc news, insider Andrew Findlay acquired 119 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were purchased 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 quarter, insiders have bought 266 shares of company stock worth $367,928.
Shares of easyJet plc (EZJ) traded down 1.65% during midday trading on Friday, reaching GBX 1312.00. The company had a trading volume of 4,721,326 shares. The company has a 50 day moving average of GBX 1,364.17 and a 200 day moving average of GBX 1,145.69. The company’s market capitalization is GBX 5.16 billion. easyJet plc has a one year low of GBX 851.00 and a one year high of GBX 1,444.00.
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About easyJet plc
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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