Credit Suisse Group Reiterates Outperform Rating for easyJet plc (EZJ)
easyJet plc (LON:EZJ)‘s stock had its “outperform” rating reissued by research analysts at Credit Suisse Group in a note issued to investors on Thursday. They currently have a GBX 1,583 ($20.44) target price on the stock. Credit Suisse Group’s target price suggests a potential upside of 30.50% from the company’s current price.
EZJ has been the topic of several other reports. Barclays PLC reissued an “equal weight” rating and issued a GBX 1,150 ($14.85) target price on shares of easyJet plc in a report on Monday, July 17th. Liberum Capital reissued a “sell” rating and issued a GBX 1,100 ($14.21) target price on shares of easyJet plc in a report on Wednesday, September 6th. Royal Bank Of Canada raised shares of easyJet plc to a “sector perform” rating and raised their target price for the company from GBX 875 ($11.30) to GBX 1,325 ($17.11) in a report on Tuesday, May 23rd. HSBC Holdings plc reissued a “buy” rating and issued a GBX 1,550 ($20.02) target price on shares of easyJet plc in a report on Thursday, June 15th. Finally, Canaccord Genuity reissued a “sell” rating and issued a GBX 1,076 ($13.90) target price on shares of easyJet plc in a report on Thursday, July 20th. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,247.04 ($16.11).
Shares of easyJet plc (LON EZJ) traded up 0.66% during mid-day trading on Thursday, reaching GBX 1213.00. 3,354,698 shares of the company’s stock traded hands. The stock’s market cap is GBX 4.77 billion. The firm has a 50 day moving average price of GBX 1,236.81 and a 200-day moving average price of GBX 1,214.76. easyJet plc has a 12 month low of GBX 851.00 and a 12 month high of GBX 1,444.00.
In other news, insider Andrew Findlay purchased 119 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were purchased at an average price of GBX 1,363 ($17.60) per share, for a total transaction of £1,621.97 ($2,094.76). Insiders bought a total of 417 shares of company stock worth $530,359 in the last 90 days.
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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