JPMorgan Chase & Co. Analysts Give easyJet (EZJ) a GBX 1,550 Price Target

easyJet (LON:EZJ) has been given a GBX 1,550 ($21.02) target price by JPMorgan Chase & Co. in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 5.69% from the stock’s previous close.

A number of other analysts have also recently commented on EZJ. Royal Bank of Canada set a GBX 1,300 ($17.63) price target on easyJet and gave the company a “neutral” rating in a research note on Monday, September 25th. UBS Group set a GBX 1,465 ($19.87) price target on easyJet and gave the company a “buy” rating in a research note on Tuesday, September 26th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 1,583 ($21.47) price target on shares of easyJet in a research note on Thursday, September 28th. Societe Generale reissued a “sell” rating and set a GBX 1,050 ($14.24) target price on shares of easyJet in a research note on Thursday, September 28th. Finally, reissued a “buy” rating and set a GBX 1,550 ($21.02) target price on shares of easyJet in a research note on Friday, September 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,428.56 ($19.37).

Shares of easyJet (LON EZJ) traded up GBX 80 ($1.08) during mid-day trading on Tuesday, hitting GBX 1,643.50 ($22.29). The stock had a trading volume of 4,500,000 shares, compared to its average volume of 2,050,000. The company has a market cap of $6,530.00 and a PE ratio of 2,191.33. easyJet has a one year low of GBX 906.39 ($12.29) and a one year high of GBX 1,673 ($22.69).

In related news, insider Andrew Findlay acquired 122 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was bought at an average price of GBX 1,322 ($17.93) per share, with a total value of £1,612.84 ($2,187.20). Also, insider Johan Lundgren acquired 20,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was bought at an average cost of GBX 1,442 ($19.56) per share, with a total value of £288,400 ($391,103.88). In the last three months, insiders bought 20,371 shares of company stock valued at $29,353,602.

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easyJet 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.

Analyst Recommendations for easyJet (LON:EZJ)

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