easyJet (EZJ) Receives “Hold” Rating from Societe Generale

Societe Generale reissued their hold rating on shares of easyJet (LON:EZJ) in a research note published on Friday.

EZJ has been the subject of several other research reports. Sanford C. Bernstein set a GBX 1,550 ($20.25) price target on shares of easyJet and gave the stock a neutral rating in a research report on Wednesday, July 18th. HSBC reaffirmed a buy rating and issued a GBX 1,600 ($20.91) price target on shares of easyJet in a research report on Thursday. Citigroup raised shares of easyJet to a buy rating and set a GBX 1,800 ($23.52) price target for the company in a research report on Friday, August 31st. Royal Bank of Canada set a GBX 1,900 ($24.83) price target on shares of easyJet and gave the stock a buy rating in a research report on Wednesday, July 18th. Finally, Barclays reaffirmed an equal weight rating on shares of easyJet in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 1,653.96 ($21.61).

easyJet stock traded down GBX 72 ($0.94) during trading hours on Friday, hitting GBX 1,068 ($13.96). The company had a trading volume of 6,595,454 shares, compared to its average volume of 2,170,000. easyJet has a 1 year low of GBX 977.38 ($12.77) and a 1 year high of GBX 1,698.69 ($22.20).

In other news, insider Kyla Mullins sold 1,629 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of GBX 1,573 ($20.55), for a total value of £25,624.17 ($33,482.52). Insiders bought 32 shares of company stock worth $44,480 in the last quarter.

About easyJet

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2017, it operated 862 routes and a fleet of 279 aircraft. The company also engages in the trading and leasing of aircrafts; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.

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