J P Morgan Chase & Co Reiterates GBX 1,350 Price Target for easyJet plc (LON:EZJ)
easyJet plc (LON:EZJ) received a GBX 1,350 ($17.63) target price from analysts at J P Morgan Chase & Co in a research report issued to clients and investors on Friday. The brokerage presently has a “sell” rating on the stock. J P Morgan Chase & Co’s price objective points to a potential upside of 1.20% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Barclays PLC reiterated an “equal weight” rating and issued a GBX 1,150 ($15.02) target price on shares of easyJet plc in a research note on Monday, May 15th. Canaccord Genuity cut shares of easyJet plc to a “sell” rating and increased their target price for the company from GBX 1,010 ($13.19) to GBX 1,076 ($14.05) in a research note on Wednesday, May 17th. Royal Bank Of Canada upgraded shares of easyJet plc to a “sector perform” rating and increased their target price for the company from GBX 875 ($11.43) to GBX 1,325 ($17.30) in a research note on Tuesday, May 23rd. UBS AG reissued a “buy” rating and issued a price target on shares of easyJet plc in a research report on Friday, June 23rd. Finally, BNP Paribas reissued a “neutral” rating and issued a GBX 1,250 ($16.32) price target on shares of easyJet plc in a research report on Tuesday. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,229.30 ($16.05).
Shares of easyJet plc (LON:EZJ) traded down 3.97% during mid-day trading on Friday, hitting GBX 1281.00. The stock had a trading volume of 3,036,427 shares. The company’s market cap is GBX 5.03 billion. The firm’s 50 day moving average price is GBX 1,365.62 and its 200-day moving average price is GBX 1,144.51. 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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In other news, insider Andrew Findlay acquired 119 shares of the 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). Insiders acquired a total of 266 shares of company stock worth $367,928 over the last quarter.
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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