easyJet’s (EZJ) Buy Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of easyJet (LON:EZJ) in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a GBX 850 price target on the stock.

Several other brokerages have also issued reports on EZJ. Citigroup decreased their price target on shares of easyJet from GBX 600 to GBX 520 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Jefferies Financial Group restated a “buy” rating on shares of easyJet in a research report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of easyJet from GBX 600 to GBX 535 and set a “hold” rating on the stock in a research note on Friday, September 19th. Panmure Gordon increased their price target on easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of easyJet in a report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, easyJet presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 673.

easyJet Stock Performance

LON EZJ opened at GBX 485 on Tuesday. The firm’s 50 day simple moving average is GBX 472.76 and its 200 day simple moving average is GBX 503.16. The firm has a market capitalization of £3.64 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. easyJet has a 1 year low of GBX 401.05 and a 1 year high of GBX 594.

easyJet (LON:EZJ) last announced its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 EPS for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. As a group, research analysts expect that easyJet will post 67.3369565 earnings per share for the current fiscal year.

Insider Buying and Selling at easyJet

In other easyJet news, insider Sue Clark purchased 7,680 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was purchased at an average price of GBX 459 per share, with a total value of £35,251.20. Also, insider Harald Eisenächer purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average price of GBX 476 per share, for a total transaction of £19,040. Insiders have bought 11,712 shares of company stock valued at $5,444,160 in the last ninety days. 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.