easyJet (LON:EZJ) Cut to “Underweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of easyJet (LON:EZJ) to an underweight rating in a report released on Monday morning, Marketbeat reports. They currently have GBX 400 price objective on the stock, down from their prior price objective of GBX 500.

A number of other equities research analysts have also recently commented on the company. Peel Hunt reissued a “buy” rating and issued a GBX 850 target price on shares of easyJet in a research note on Tuesday, November 25th. Panmure Gordon raised their price objective on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft dropped 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. Citigroup reduced their price target on shares of easyJet from GBX 520 to GBX 500 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Finally, Jefferies Financial Group restated a “buy” rating on shares of easyJet in a report on Monday, September 22nd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 613.

easyJet Trading Down 1.4%

LON:EZJ opened at GBX 485.50 on Monday. The company has a 50-day moving average price of GBX 475.98 and a 200-day moving average price of GBX 501.49. The stock has a market cap of £3.65 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 12 month low of GBX 401.05 and a 12 month high of GBX 594.

easyJet (LON:EZJ) last issued 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%. Equities analysts predict that easyJet will post 67.3369565 EPS for the current year.

Insiders Place Their Bets

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

About easyJet

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.