easyJet plc (EZJ) Price Target Raised to GBX 1,550 at HSBC Holdings PLC
easyJet plc (LON:EZJ) had its target price lifted by investment analysts at HSBC Holdings PLC from GBX 1,500 ($19.73) to GBX 1,550 ($20.39) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. HSBC Holdings PLC’s price objective indicates a potential upside of 12.65% from the stock’s previous close.
Several other equities research analysts have also issued reports on the company. UBS Group AG reaffirmed a “buy” rating on shares of easyJet plc in a research report on Monday, September 11th. Numis Securities Ltd lowered easyJet plc to a “sell” rating in a research report on Monday, October 16th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,583 ($20.82) target price on shares of easyJet plc in a research report on Thursday, September 14th. decreased their target price on easyJet plc from to and set a “buy” rating for the company in a research report on Thursday, October 5th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of easyJet plc in a research report on Friday, August 4th. Seven investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,299.38 ($17.09).
Shares of easyJet plc (LON:EZJ) traded up GBX 26 ($0.34) during trading on Wednesday, hitting GBX 1,376 ($18.10). The stock had a trading volume of 1,907,589 shares, compared to its average volume of 2,250,000. easyJet plc has a 1 year low of GBX 906.39 ($11.92) and a 1 year high of GBX 1,444 ($18.99).
In other news, insider Andrew Findlay acquired 122 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was bought at an average price of GBX 1,322 ($17.39) per share, with a total value of £1,612.84 ($2,121.32). In the last three months, insiders purchased 426 shares of company stock valued at $528,205.
easyJet plc Company Profile
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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