easyJet (LON:EZJ) Upgraded by Berenberg Bank to Buy

easyJet (LON:EZJ) was upgraded by analysts at Berenberg Bank to a “buy” rating in a research report issued on Friday, Borsen Zeitung reports. The firm currently has a GBX 1,120 ($14.63) target price on the stock, up from their prior target price of GBX 1,040 ($13.59). Berenberg Bank’s price objective would suggest a potential upside of 12.93% from the stock’s previous close.

Several other research firms have also recently commented on EZJ. Liberum Capital reiterated a “sell” rating on shares of Marks and Spencer Group in a research note on Friday, May 24th. Royal Bank of Canada reiterated an “outperform” rating on shares of in a research note on Friday, June 21st. Commerzbank cut their target price on shares of easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a “hold” rating for the company in a research note on Wednesday, May 22nd. Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research note on Friday, June 28th. Finally, UBS Group set a $25.00 target price on shares of Macy’s and gave the company a “hold” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 1,179.14 ($15.41).

LON:EZJ opened at GBX 991.80 ($12.96) on Friday. The firm has a market cap of $3.94 billion and a PE ratio of 20.28. easyJet has a one year low of GBX 840 ($10.98) and a one year high of GBX 1,737 ($22.70). The firm’s fifty day moving average is GBX 923.64. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 58.86.

In other easyJet news, insider John Barton acquired 11,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). In the last 90 days, insiders bought 11,032 shares of company stock valued at $9,952,608.

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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Analyst Recommendations for easyJet (LON:EZJ)

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