easyJet (LON:EZJ) PT Set at GBX 1,150 by Berenberg Bank

Berenberg Bank set a GBX 1,150 ($15.03) price target on easyJet (LON:EZJ) in a report issued on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on EZJ. Royal Bank of Canada reissued a buy rating and issued a $2.50 price target on shares of in a report on Thursday. Commerzbank decreased their price target on easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a hold rating for the company in a report on Wednesday, May 22nd. Barclays set a $330.00 price target on Thermo Fisher Scientific and gave the company a buy rating in a report on Monday, July 15th. Credit Suisse Group set a $180.00 price target on Accenture and gave the company a hold rating in a report on Friday, June 28th. Finally, Oddo Securities downgraded easyJet to a reduce rating and decreased their price target for the company from GBX 1,170 ($15.29) to GBX 1,050 ($13.72) in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 1,192.95 ($15.59).

Shares of LON:EZJ opened at GBX 1,100 ($14.37) on Friday. easyJet has a 12-month low of GBX 840 ($10.98) and a 12-month high of GBX 1,737 ($22.70). The firm has a market capitalization of $4.37 billion and a P/E ratio of 22.49. The firm has a 50 day moving average of GBX 942.44. The company has a debt-to-equity ratio of 58.86, a current ratio of 0.60 and a quick ratio of 0.50.

In other easyJet news, insider John Barton acquired 11,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). Insiders bought 11,032 shares of company stock valued at $9,952,608 over the last 90 days.

easyJet Company Profile

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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