Investec Reaffirms Hold Rating for easyJet plc (EZJ)
easyJet plc (LON:EZJ)‘s stock had its “hold” rating reissued by research analysts at Investec in a research note issued on Friday. They currently have a GBX 1,400 ($18.28) target price on the stock. Investec’s target price would indicate a potential upside of 6.71% from the company’s current price.
EZJ has been the subject of several other research reports. Barclays PLC restated an “equal weight” rating and set a GBX 1,150 ($15.02) price target on shares of easyJet plc in a research report on Monday, July 17th. Royal Bank Of Canada upgraded shares of easyJet plc to a “sector perform” rating and upped 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 set a GBX 1,550 ($20.24) price target on shares of easyJet plc in a research report on Thursday, June 15th. Credit Suisse Group AG set a GBX 1,583 ($20.67) price target on shares of easyJet plc and gave the stock 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) price target on shares of easyJet plc in a research report on Thursday. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,248.92 ($16.31).
easyJet plc (LON EZJ) traded down 1.65% during mid-day trading on Friday, hitting GBX 1312.00. 4,721,326 shares of the stock traded hands. The firm’s market cap is GBX 5.16 billion. The stock has a 50-day moving average of GBX 1,364.17 and a 200 day moving average of GBX 1,145.69. easyJet plc has a 1-year low of GBX 851.00 and a 1-year high of GBX 1,444.00.
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In other news, insider Andrew Findlay acquired 119 shares of easyJet plc stock in a transaction on 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). Insiders have acquired 266 shares of company stock valued at $367,928 over the last ninety days.
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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