easyJet (EZJ) Given New GBX 1,270 Price Target at Societe Generale

easyJet (LON:EZJ) had its price target decreased by equities researchers at Societe Generale from GBX 1,800 ($23.52) to GBX 1,270 ($16.59) in a research note issued on Tuesday. The firm currently has a “hold” rating on the stock. Societe Generale’s target price points to a potential downside of 0.20% from the stock’s previous close.

EZJ has been the topic of several other research reports. Barclays reaffirmed an “equal weight” rating on shares of easyJet in a research note on Monday, October 15th. Liberum Capital reaffirmed a “hold” rating on shares of easyJet in a research note on Tuesday, November 6th. Canaccord Genuity dropped their price objective on easyJet from GBX 1,780 ($23.26) to GBX 1,180 ($15.42) and set a “hold” rating on the stock in a research note on Thursday, November 22nd. Kepler Capital Markets reaffirmed a “buy” rating and set a GBX 1,659 ($21.68) price objective on shares of easyJet in a research note on Tuesday, November 20th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a GBX 1,485 ($19.40) price objective (up previously from GBX 1,440 ($18.82)) on shares of easyJet in a research note on Friday, January 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. easyJet currently has an average rating of “Hold” and a consensus price target of GBX 1,445.64 ($18.89).

Shares of easyJet stock opened at GBX 1,272.50 ($16.63) on Tuesday. easyJet has a 12 month low of GBX 977.38 ($12.77) and a 12 month high of GBX 1,698.69 ($22.20).

In other easyJet news, insider Andrew Findlay purchased 13,000 shares of easyJet stock in a transaction that occurred on Thursday, November 22nd. The stock was acquired at an average price of GBX 1,134 ($14.82) per share, for a total transaction of £147,420 ($192,630.34). Insiders have purchased 13,026 shares of company stock valued at $14,771,328 in the last quarter.

easyJet Company Profile

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.

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