Liberum Capital Reiterates “Sell” Rating for easyJet plc (EZJ)
easyJet plc (LON:EZJ)‘s stock had its “sell” rating reaffirmed by equities research analysts at Liberum Capital in a report released on Wednesday. They currently have a GBX 1,100 ($14.21) price objective on the stock. Liberum Capital’s price objective would suggest a potential downside of 4.84% from the company’s current price.
Several other brokerages have also weighed in on EZJ. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 875 ($11.30) target price on shares of easyJet plc in a research report on Wednesday, May 17th. Canaccord Genuity lowered shares of easyJet plc to a “sell” rating and upped their target price for the stock from GBX 1,010 ($13.04) to GBX 1,076 ($13.90) in a research report on Wednesday, May 17th. Investec restated a “hold” rating and set a GBX 1,400 ($18.08) target price on shares of easyJet plc in a research report on Friday, July 21st. UBS AG set a GBX 1,465 ($18.92) target price on shares of easyJet plc and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Finally, Beaufort Securities restated a “buy” rating on shares of easyJet plc in a research report on Friday, July 21st. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 1,249.13 ($16.13).
easyJet plc (LON EZJ) traded down 0.26% during midday trading on Wednesday, reaching GBX 1156.00. The company had a trading volume of 1,400,902 shares. easyJet plc has a 1-year low of GBX 851.00 and a 1-year high of GBX 1,444.00. The firm’s 50 day moving average is GBX 1,249.30 and its 200 day moving average is GBX 1,205.94. The stock’s market capitalization is GBX 4.54 billion.
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In related news, insider Andrew Findlay acquired 128 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of GBX 1,265 ($16.34) per share, with a total value of £1,619.20 ($2,091.18). Over the last three months, insiders have acquired 415 shares of company stock valued at $529,669.
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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