easyJet plc (LON:EZJ) PT Raised to GBX 1,600
easyJet plc (LON:EZJ) had its price objective upped by research analysts at HSBC Holdings plc from GBX 1,550 ($20.24) to GBX 1,600 ($20.89) in a report issued on Friday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. HSBC Holdings plc’s price target indicates a potential upside of 21.95% from the stock’s current price.
A number of other brokerages have also issued reports on EZJ. Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,290 ($16.85) target price on shares of easyJet plc in a research report on Tuesday. BNP Paribas reissued a “neutral” rating and issued a GBX 1,250 ($16.32) target price on shares of easyJet plc in a research report on Tuesday. Canaccord Genuity reissued a “sell” rating and issued a GBX 1,076 ($14.05) target price on shares of easyJet plc in a research report on Thursday. Royal Bank Of Canada set a GBX 1,450 ($18.93) target price on easyJet plc and gave the company a “neutral” rating in a research report on Thursday. Finally, Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 1,583 ($20.67) target price on shares of easyJet plc in a research report on Thursday. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. easyJet plc presently has an average rating of “Hold” and a consensus target price of GBX 1,248.92 ($16.31).
Shares of easyJet plc (LON:EZJ) traded down 1.65% during midday trading on Friday, hitting GBX 1312.00. The company had a trading volume of 4,721,326 shares. The firm’s 50-day moving average is GBX 1,364.17 and its 200-day moving average is GBX 1,145.69. The firm’s market capitalization is GBX 5.16 billion. easyJet plc has a 12-month low of GBX 851.00 and a 12-month high of GBX 1,444.00.
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In other news, insider Andrew Findlay purchased 119 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was acquired 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 have purchased 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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