easyJet (LON:EZJ) Price Target Raised to GBX 780

easyJet (LON:EZJ) had its price target upped by Panmure Gordon from GBX 730 to GBX 780 in a research note published on Tuesday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Citigroup cut their price objective on easyJet from GBX 600 to GBX 520 and set a “neutral” rating for the company in a report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft cut their target price on easyJet from GBX 600 to GBX 535 and set a “hold” rating for the company in a research note on Friday, September 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of easyJet in a research note on Monday, September 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of easyJet in a research note on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, easyJet currently has an average rating of “Moderate Buy” and an average target price of GBX 673.

easyJet Stock Performance

LON EZJ opened at GBX 485 on Tuesday. The stock has a market capitalization of £3.64 billion, a PE ratio of 8.92, a P/E/G ratio of 0.59 and a beta of 2.49. easyJet has a 1 year low of GBX 401.05 and a 1 year high of GBX 594. The company’s 50 day simple moving average is GBX 472.76 and its two-hundred day simple moving average is GBX 503.16. The company has a debt-to-equity ratio of 110.33, a current ratio of 1.02 and a quick ratio of 1.09.

easyJet (LON:EZJ) last posted its earnings results on Tuesday, November 25th. The company reported GBX 66.40 EPS for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. Analysts predict that easyJet will post 67.3369565 earnings per share for the current fiscal year.

Insider Buying and Selling at easyJet

In related news, insider Sue Clark purchased 7,680 shares of easyJet stock in a transaction that occurred on Thursday, September 18th. The shares were bought at an average price of GBX 459 per share, for a total transaction of £35,251.20. Also, insider Harald Eisenächer purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of GBX 476 per share, with a total value of £19,040. Insiders acquired a total of 11,712 shares of company stock valued at $5,444,160 over the last 90 days. Company insiders own 15.15% of the company’s stock.

easyJet Company Profile

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service.