easyJet (EZJ) Price Target Raised to GBX 1,800

easyJet (LON:EZJ) had its price objective increased by research analysts at JPMorgan Chase & Co. from GBX 1,550 ($21.02) to GBX 1,800 ($24.41) in a research report issued to clients and investors on Wednesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 6.57% from the stock’s current price.

EZJ has been the subject of several other reports. Liberum Capital restated a “sell” rating and issued a GBX 1,100 ($14.92) price objective on shares of easyJet in a research note on Monday, November 6th. UBS Group set a GBX 1,465 ($19.87) price objective on easyJet and gave the stock a “buy” rating in a research note on Tuesday, September 26th. Morgan Stanley upgraded easyJet to an “overweight” rating and raised their price objective for the stock from GBX 1,490 ($20.21) to GBX 1,725 ($23.39) in a research note on Friday, January 19th. restated a “buy” rating and issued a GBX 1,500 ($20.34) price objective on shares of easyJet in a research note on Thursday, October 19th. Finally, Redburn Partners restated a “buy” rating and issued a GBX 1,900 ($25.77) price objective on shares of easyJet in a research note on Monday, November 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. easyJet has an average rating of “Hold” and an average price target of GBX 1,527.58 ($20.72).

Shares of easyJet (LON:EZJ) traded up GBX 38 ($0.52) during trading hours on Wednesday, hitting GBX 1,689 ($22.90). The stock 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 stock has a market capitalization of $6,710.00 and a PE ratio of 2,252.00.

In other news, insider Andrew Findlay purchased 113 shares of the stock in a transaction dated 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 purchased 20,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of GBX 1,442 ($19.56) per share, for a total transaction of £288,400 ($391,103.88). Over the last three months, insiders acquired 20,371 shares of company stock worth $29,353,602.

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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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