UBS Group Reiterates “Buy” Rating for easyJet (LON:EZJ)

easyJet (LON:EZJ)‘s stock had its “buy” rating reissued by research analysts at UBS Group in a research note issued to investors on Friday, Marketbeat Ratings reports. They presently have a GBX 800 price target on the stock. UBS Group’s price target would suggest a potential upside of 64.91% from the stock’s current price.

Several other analysts have also recently commented on EZJ. JPMorgan Chase & Co. cut easyJet to an “underweight” rating and decreased their target price for the stock from GBX 500 to GBX 400 in a report on Monday, December 1st. Deutsche Bank Aktiengesellschaft downgraded shares of easyJet to a “sell” rating and reduced their price target for the stock from GBX 535 to GBX 465 in a research report on Thursday. Jefferies Financial Group reissued a “buy” rating on shares of easyJet in a report on Monday, September 22nd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 850 target price on shares of easyJet in a research note on Tuesday, November 25th. Finally, Citigroup reduced their target price on shares of easyJet from GBX 520 to GBX 500 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, easyJet has a consensus rating of “Hold” and an average price target of GBX 632.50.

easyJet Stock Performance

LON EZJ opened at GBX 485.10 on Friday. easyJet has a 1-year low of GBX 401.05 and a 1-year high of GBX 590.60. The company has a 50 day moving average of GBX 491.97 and a 200-day moving average of GBX 489.52. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. The firm has a market cap of £3.63 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 0.59 and a beta of 2.49.

easyJet (LON:EZJ) last announced 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%. On average, equities analysts forecast that easyJet will post 67.3369565 earnings per share for the current fiscal year.

Insider Transactions at easyJet

In other easyJet news, insider Harald Eisenächer bought 4,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were bought at an average cost of GBX 476 per share, for a total transaction of £19,040. In the last 90 days, insiders have bought 4,061 shares of company stock worth $1,933,698. Corporate 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. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.