easyJet (EZJ) Earns “Equal weight” Rating from Barclays

easyJet (LON:EZJ)‘s stock had its “equal weight” rating restated by analysts at Barclays in a note issued to investors on Wednesday. They presently have a GBX 1,450 ($19.66) price objective on the stock. Barclays’ price objective would indicate a potential downside of 14.15% from the company’s current price.

Other equities analysts have also issued reports about the company. Sanford C. Bernstein set a GBX 1,600 ($21.70) price target on easyJet and gave the company a “buy” rating in a research note on Friday, October 6th. restated a “buy” rating and set a GBX 1,550 ($21.02) price target on shares of easyJet in a research note on Friday, September 29th. 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. Beaufort Securities reaffirmed a “buy” rating on shares of easyJet in a report on Monday, October 9th. Finally, HSBC lifted their price objective on easyJet from GBX 1,500 ($20.34) to GBX 1,550 ($21.02) and gave the company a “buy” rating in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,527.58 ($20.72).

Shares of easyJet (EZJ) traded up GBX 38 ($0.52) on Wednesday, reaching GBX 1,689 ($22.90). The company had a trading volume of 2,010,000 shares, compared to its average volume of 2,190,000. easyJet has a 1 year low of GBX 906.39 ($12.29) and a 1 year high of GBX 1,695.67 ($23.00). The company has a market capitalization of $6,710.00 and a price-to-earnings ratio of 2,252.00.

In other easyJet news, insider Johan Lundgren bought 20,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was bought at an average price of GBX 1,442 ($19.56) per share, for a total transaction of £288,400 ($391,103.88). Also, insider Andrew Findlay bought 115 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were acquired at an average price of GBX 1,407 ($19.08) per share, with a total value of £1,618.05 ($2,194.26). In the last ninety days, insiders have acquired 20,371 shares of company stock worth $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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