easyJet plc (EZJ) Upgraded at Investec
easyJet plc (LON:EZJ) was upgraded by equities research analysts at Investec to a “buy” rating in a research report issued on Wednesday. The brokerage currently has a GBX 1,600 ($21.04) target price on the stock, up from their prior target price of GBX 1,400 ($18.41). Investec’s target price indicates a potential upside of 18.52% from the stock’s previous close.
Several other brokerages also recently weighed in on EZJ. Sanford C. Bernstein set a GBX 1,600 ($21.04) target price on easyJet plc and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Beaufort Securities reaffirmed a “buy” rating on shares of easyJet plc in a research report on Thursday, September 7th. UBS AG set a GBX 1,465 ($19.27) target price on easyJet plc and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Finally, reiterated a “buy” rating and issued a GBX 1,600 ($21.04) price target (up previously from GBX 1,550 ($20.39)) on shares of easyJet plc in a research note on Monday, September 4th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 1,295.42 ($17.04).
Shares of easyJet plc (EZJ) traded up GBX 7 ($0.09) during trading hours on Wednesday, hitting GBX 1,350 ($17.76). The stock had a trading volume of 2,718,453 shares, compared to its average volume of 2,080,000. easyJet plc has a twelve month low of GBX 906.39 ($11.92) and a twelve month high of GBX 1,444 ($18.99).
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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