Credit Suisse Group Reaffirms Outperform Rating for easyJet (EZJ)
easyJet (LON:EZJ)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a report released on Friday. They currently have a GBX 1,565 ($20.93) target price on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 3.54% from the company’s current price.
Several other equities analysts also recently commented on the company. Beaufort Securities downgraded easyJet to a “hold” rating in a research report on Friday. Liberum Capital reissued a “sell” rating and issued a GBX 1,100 ($14.71) price target on shares of easyJet in a research note on Friday. Panmure Gordon raised easyJet to a “hold” rating and increased their price target for the company from GBX 1,100 ($14.71) to GBX 1,300 ($17.38) in a research note on Wednesday, December 20th. Goldman Sachs Group set a GBX 1,330 ($17.78) price target on easyJet and gave the company a “neutral” rating in a research note on Friday, December 15th. Finally, Sanford C. Bernstein set a GBX 1,600 ($21.39) price target on easyJet and gave the company a “buy” rating in a research note on Thursday, December 14th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,395.04 ($18.65).
easyJet (LON:EZJ) traded up GBX 1.50 ($0.02) during trading on Friday, reaching GBX 1,511.50 ($20.21). The company’s stock had a trading volume of 1,798,433 shares, compared to its average volume of 2,080,000. The company has a market capitalization of $6,020.00 and a P/E ratio of 2,015.33. easyJet has a 1 year low of GBX 906.39 ($12.12) and a 1 year high of GBX 1,549 ($20.71).
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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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