Morgan Stanley Upgrades easyJet (EZJ) to “Overweight”

easyJet (LON:EZJ) was upgraded by investment analysts at Morgan Stanley to an “overweight” rating in a research report issued to clients and investors on Friday. The brokerage currently has a GBX 1,725 ($23.39) price objective on the stock, up from their prior price objective of GBX 1,490 ($20.21). Morgan Stanley’s price objective indicates a potential upside of 11.51% from the stock’s current price.

A number of other research analysts have also commented on EZJ. reaffirmed a “buy” rating and set a GBX 1,550 ($21.02) price objective on shares of easyJet in a research report on Friday, September 29th. Barclays reaffirmed an “equal weight” rating on shares of easyJet in a research report on Wednesday. Goldman Sachs Group set a GBX 1,330 ($18.04) price objective on shares of easyJet and gave the company a “neutral” rating in a research report on Friday, September 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,583 ($21.47) price objective on shares of easyJet in a research report on Thursday, September 28th. Finally, Societe Generale reaffirmed a “sell” rating and set a GBX 1,050 ($14.24) price objective on shares of easyJet in a research report on Thursday, September 28th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 1,409.04 ($19.11).

easyJet (EZJ) opened at GBX 1,547 ($20.98) on Friday. The company has a market cap of $6,010.00 and a PE ratio of 2,062.67. easyJet has a 52-week low of GBX 906.39 ($12.29) and a 52-week high of GBX 1,551 ($21.03).

In other news, insider Andrew Findlay acquired 113 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were purchased at an average cost of GBX 1,435 ($19.46) per share, with a total value of £1,621.55 ($2,199.01). Also, insider Johan Lundgren acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average cost of GBX 1,442 ($19.56) per share, for a total transaction of £288,400 ($391,103.88). Insiders have acquired 20,371 shares of company stock worth $29,353,602 over the last ninety days.

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About easyJet

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.

Analyst Recommendations for easyJet (LON:EZJ)

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