easyJet plc’s (EZJ) Buy Rating Reaffirmed at HSBC Holdings plc
easyJet plc (LON:EZJ)‘s stock had its “buy” rating restated by equities researchers at HSBC Holdings plc in a report released on Thursday. They presently have a GBX 1,500 ($19.93) price target on the stock. HSBC Holdings plc’s price target would suggest a potential upside of 14.24% from the company’s previous close.
Several other research analysts have also recently weighed in on the stock. Liberum Capital reiterated a “sell” rating and issued a GBX 1,100 ($14.62) price target on shares of easyJet plc in a report on Tuesday, October 17th. Numis Securities Ltd cut shares of easyJet plc to a “sell” rating in a report on Monday, October 16th. UBS AG set a GBX 1,465 ($19.47) price target on shares of easyJet plc and gave the company a “buy” rating in a report on Friday, October 13th. Canaccord Genuity upgraded shares of easyJet plc to a “hold” rating and upped their price target for the company from GBX 1,150 ($15.28) to GBX 1,200 ($15.94) in a report on Thursday, October 12th. Finally, J P Morgan Chase & Co set a GBX 1,330 ($17.67) price target on shares of easyJet plc and gave the company a “sell” rating in a report on Tuesday, October 10th. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. easyJet plc presently has an average rating of “Hold” and a consensus target price of GBX 1,254.48 ($16.67).
Shares of easyJet plc (LON:EZJ) traded up 1.39% during midday trading on Thursday, hitting GBX 1313.00. 1,632,273 shares of the company’s stock were exchanged. The company has a 50-day moving average of GBX 1,232.81 and a 200-day moving average of GBX 1,261.93. The firm’s market cap is GBX 5.16 billion. easyJet plc has a 52 week low of GBX 906.39 and a 52 week high of GBX 1,444.00.
In related news, insider Andrew Findlay acquired 135 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were bought at an average cost of GBX 1,195 ($15.88) per share, with a total value of £1,613.25 ($2,143.57). Insiders bought 433 shares of company stock worth $529,987 over the last three months.
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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