HSBC Reaffirms “Buy” Rating for easyJet (EZJ)

easyJet (LON:EZJ)‘s stock had its “buy” rating reaffirmed by HSBC in a note issued to investors on Thursday. They presently have a GBX 1,850 ($25.94) price target on the stock. HSBC’s target price would indicate a potential upside of 16.65% from the stock’s previous close.

EZJ has been the subject of several other reports. Liberum Capital reiterated a “sell” rating and issued a GBX 1,250 ($17.53) target price on shares of easyJet in a research report on Tuesday, February 6th. UBS Group set a GBX 1,660 ($23.28) target price on shares of easyJet and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Canaccord Genuity raised their target price on shares of easyJet from GBX 1,295 ($18.16) to GBX 1,640 ($22.99) and gave the company a “hold” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. set a GBX 1,550 ($21.73) target price on shares of easyJet and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Beaufort Securities raised their target price on shares of easyJet from GBX 1,460 ($20.47) to GBX 1,530 ($21.45) and gave the company a “hold” rating in a research note on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 1,552.17 ($21.76).

easyJet (LON:EZJ) traded down GBX 22 ($0.31) during trading on Thursday, reaching GBX 1,586 ($22.24). The company had a trading volume of 2,993,202 shares, compared to its average volume of 2,270,000. easyJet has a fifty-two week low of GBX 906.39 ($12.71) and a fifty-two week high of GBX 1,695.67 ($23.78). The stock has a market capitalization of $6,310.00 and a P/E ratio of 2,114.67.

In other news, insider Andrew Findlay purchased 113 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of GBX 1,435 ($20.12) per share, with a total value of £1,621.55 ($2,273.63). Also, insider Johan Lundgren purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of GBX 1,442 ($20.22) per share, with a total value of £288,400 ($404,374.65). Over the last 90 days, insiders bought 20,238 shares of company stock worth $29,178,260.

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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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