easyJet plc (LON:EZJ) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of easyJet plc (LON:EZJ) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 673.

EZJ has been the topic of a number of recent research reports. Peel Hunt reissued a “buy” rating and issued a GBX 850 target price on shares of easyJet in a research report on Tuesday, November 25th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of easyJet in a report on Wednesday, October 15th. Jefferies Financial Group reissued a “buy” rating on shares of easyJet in a research report on Monday, September 22nd. Citigroup reduced their target price on shares of easyJet from GBX 520 to GBX 500 and set a “neutral” rating for the company in a report on Wednesday. Finally, Panmure Gordon lifted their price target 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.

easyJet Stock Performance

Shares of EZJ opened at GBX 499.40 on Tuesday. The firm has a market cap of £3.75 billion, a P/E ratio of 9.18, a PEG ratio of 0.59 and a beta of 2.49. easyJet has a twelve month low of GBX 401.05 and a twelve month high of GBX 594. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. The firm’s 50 day moving average price is GBX 473.68 and its two-hundred day moving average price is GBX 502.65.

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

Insider Activity at easyJet

In related news, insider Sue Clark acquired 7,680 shares of the company’s stock in a transaction dated 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 bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of GBX 476 per share, with a total value of £19,040. Insiders have acquired a total of 11,712 shares of company stock worth $5,444,160 in the last ninety days. 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.