easyJet (LON:EZJ)‘s stock had its “sell” rating reiterated by stock analysts at Liberum Capital in a research note issued on Friday. They presently have a GBX 1,100 ($14.71) target price on the stock. Liberum Capital’s price objective indicates a potential downside of 27.34% from the company’s previous close.
A number of other analysts also recently issued reports on the company. Panmure Gordon upgraded easyJet to a “hold” rating and raised their price target for the stock from GBX 1,100 ($14.71) to GBX 1,300 ($17.38) in a research report on Wednesday, December 20th. Goldman Sachs Group set a GBX 1,330 ($17.78) price target on easyJet and gave the stock a “neutral” rating in a research report on Friday, December 15th. Credit Suisse Group set a GBX 1,565 ($20.93) price target on easyJet and gave the stock a “buy” rating in a research report on Thursday, December 14th. Sanford C. Bernstein set a GBX 1,600 ($21.39) price target on easyJet and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,550 ($20.72) target price on shares of easyJet in a research report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 1,395.04 ($18.65).
Shares of easyJet (LON:EZJ) opened at GBX 1,514 ($20.24) on Friday. The stock has a market capitalization of $6,020.00 and a price-to-earnings ratio of 2,018.67. easyJet has a 52-week low of GBX 906.39 ($12.12) and a 52-week high of GBX 1,549 ($20.71).
In other easyJet news, insider Andrew Findlay purchased 122 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were acquired at an average price of GBX 1,322 ($17.68) per share, for a total transaction of £1,612.84 ($2,156.49). Also, insider Johan Lundgren purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average price of GBX 1,442 ($19.28) per share, for a total transaction of £288,400 ($385,613.05). Insiders acquired 20,383 shares of company stock worth $29,368,458 in the last quarter.
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easyJet Company Profile
easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
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