easyJet plc (EZJ) Receives Consensus Recommendation of “Hold” from Analysts
easyJet plc (LON:EZJ) has earned a consensus rating of “Hold” from the twenty-six ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 1,248.14 ($16.56).
Several research analysts have commented on the stock. UBS AG set a GBX 1,425 ($18.90) price target on shares of easyJet plc and gave the company a “buy” rating in a report on Thursday, June 29th. J P Morgan Chase & Co set a GBX 1,350 ($17.91) price target on shares of easyJet plc and gave the company a “sell” rating in a report on Friday, July 21st. Liberum Capital reissued a “sell” rating and issued a GBX 1,100 ($14.59) price target on shares of easyJet plc in a report on Wednesday, August 16th. Goldman Sachs Group, Inc. (The) downgraded shares of easyJet plc to a “neutral” rating and raised their price target for the company from GBX 970 ($12.87) to GBX 1,300 ($17.24) in a report on Friday, June 16th. Finally, Beaufort Securities reissued a “buy” rating on shares of easyJet plc in a report on Wednesday, June 7th.
In related news, insider Andrew Findlay acquired 135 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was purchased at an average cost of GBX 1,195 ($15.85) per share, with a total value of £1,613.25 ($2,139.87). In the last quarter, insiders bought 431 shares of company stock worth $529,491.
Shares of easyJet plc (EZJ) traded down 1.54% on Wednesday, reaching GBX 1277.00. 1,588,449 shares of the company’s stock traded hands. The company’s 50-day moving average price is GBX 1,223.08 and its 200 day moving average price is GBX 1,241.47. The firm’s market cap is GBX 5.02 billion. 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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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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