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).
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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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