easyJet plc (EZJ) PT Set at GBX 1,600 by Sanford C. Bernstein
easyJet plc (LON:EZJ) received a GBX 1,600 ($21.22) target price from equities research analysts at Sanford C. Bernstein in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Sanford C. Bernstein’s price target points to a potential upside of 24.61% from the stock’s current price.
A number of other analysts have also commented on the company. UBS AG reaffirmed a “buy” rating on shares of easyJet plc in a research note on Monday, September 11th. HSBC Holdings plc increased their price objective on easyJet plc from GBX 1,550 ($20.56) to GBX 1,600 ($21.22) and gave the company a “buy” rating in a research note on Friday, July 21st. Credit Suisse Group AG reaffirmed an “outperform” rating and set a GBX 1,583 ($21.00) price objective on shares of easyJet plc in a research note on Thursday, September 14th. Beaufort Securities reaffirmed a “buy” rating on shares of easyJet plc in a research note on Friday, July 7th. Finally, BNP Paribas set a GBX 1,100 ($14.59) price objective on easyJet plc and gave the company a “sell” rating in a research note on Thursday, August 24th. Seven research 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 stock currently has a consensus rating of “Hold” and an average price target of GBX 1,252.88 ($16.62).
easyJet plc (EZJ) traded down 2.88% on Friday, hitting GBX 1247.00. The stock had a trading volume of 2,475,230 shares. easyJet plc has a one year low of GBX 851.00 and a one year high of GBX 1,444.00. The stock’s 50 day moving average is GBX 1,219.17 and its 200 day moving average is GBX 1,241.77. The stock’s market cap is GBX 4.90 billion.
In other easyJet plc news, insider Andrew Findlay bought 135 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were purchased at an average price of GBX 1,195 ($15.85) per share, with a total value of £1,613.25 ($2,139.87). Insiders have purchased a total of 431 shares of company stock valued at $529,491 in the last 90 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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