easyJet (LON:EZJ) Stock Rating Upgraded by Berenberg Bank

easyJet (LON:EZJ) was upgraded by stock analysts at Berenberg Bank to a “buy” rating in a research note issued to investors on Friday, Borsen Zeitung reports. The firm presently has a GBX 1,120 ($14.63) price target on the stock, up from their previous price target of GBX 1,040 ($13.59). Berenberg Bank’s target price suggests a potential upside of 12.97% from the stock’s current price.

EZJ has been the topic of a number of other reports. Liberum Capital reaffirmed a “sell” rating on shares of Marks and Spencer Group in a research report on Friday, May 24th. Deutsche Bank set a $142.00 target price on MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, June 28th. Barclays dropped their target price on SpartanNash from $15.00 to $13.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 21st. Commerzbank dropped their target price on easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a “hold” rating on the stock in a research report on Wednesday, May 22nd. Finally, Sanford C. Bernstein set a GBX 1,000 ($13.07) target price on easyJet and gave the stock a “neutral” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,179.14 ($15.41).

LON:EZJ opened at GBX 991.40 ($12.95) on Friday. The firm has a 50-day moving average of GBX 924.93. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 58.86. easyJet has a 12 month low of GBX 840 ($10.98) and a 12 month high of GBX 1,737 ($22.70). The stock has a market capitalization of $3.94 billion and a price-to-earnings ratio of 20.27.

In other news, insider John Barton acquired 11,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of GBX 902 ($11.79) per share, with a total value of £99,220 ($129,648.50). Over the last three months, insiders purchased 11,032 shares of company stock valued at $9,952,608.

About easyJet

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; 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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Analyst Recommendations for easyJet (LON:EZJ)

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