easyJet plc (EZJ) Receives Sell Rating from Liberum Capital
easyJet plc (LON:EZJ)‘s stock had its “sell” rating reissued by stock analysts at Liberum Capital in a research report issued on Tuesday. They presently have a GBX 1,100 ($14.62) price objective on the stock. Liberum Capital’s target price would suggest a potential downside of 14.60% from the stock’s current price.
A number of other brokerages have also recently commented on EZJ. BNP Paribas restated a “neutral” rating and set a GBX 1,250 ($16.61) target price on shares of easyJet plc in a report on Tuesday, July 18th. Deutsche Bank AG restated a “hold” rating and set a GBX 1,290 ($17.14) target price on shares of easyJet plc in a report on Tuesday, July 18th. Royal Bank Of Canada set a GBX 1,450 ($19.27) target price on shares of easyJet plc and gave the company a “neutral” rating in a report on Thursday, July 20th. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 1,076 ($14.30) price target on shares of easyJet plc in a research report on Thursday, July 20th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 1,583 ($21.03) price target on shares of easyJet plc in a research report on Thursday, July 20th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,254.48 ($16.67).
easyJet plc (LON:EZJ) opened at 1288.00 on Tuesday. The firm’s market cap is GBX 5.06 billion. The firm’s 50-day moving average is GBX 1,221.58 and its 200 day moving average is GBX 1,257.11. easyJet plc has a 12-month low of GBX 865.00 and a 12-month high of GBX 1,444.00.
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In related news, insider Andrew Findlay acquired 135 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was bought at an average cost of GBX 1,195 ($15.88) per share, for a total transaction of £1,613.25 ($2,143.57). Over the last quarter, insiders have purchased 433 shares of company stock valued at $529,987.
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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