easyJet (LON:EZJ)‘s stock had its “equal weight” rating reissued by analysts at Barclays in a research report issued to clients and investors on Monday, Digital Look reports. They currently have a GBX 650 ($8.00) target price on the stock. Barclays‘s target price points to a potential downside of 4.41% from the company’s current price.
A number of other analysts have also recently weighed in on the company. Goodbody cut easyJet to a “hold” rating in a research report on Thursday, April 9th. Morgan Stanley reiterated a “neutral” rating on shares of easyJet in a research note on Wednesday, May 27th. UBS Group reiterated a “buy” rating and issued a GBX 1,320 ($16.24) price objective on shares of easyJet in a research note on Thursday, June 25th. Goldman Sachs Group set a GBX 545 ($6.71) price objective on easyJet and gave the stock a “sell” rating in a research note on Wednesday, June 24th. Finally, Commerzbank dropped their price objective on easyJet from GBX 1,675 ($20.61) to GBX 600 ($7.38) and set a “hold” rating on the stock in a research note on Friday, March 20th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. easyJet has a consensus rating of “Hold” and a consensus target price of GBX 1,017.30 ($12.52).
Shares of LON:EZJ opened at GBX 680 ($8.37) on Monday. easyJet has a fifty-two week low of GBX 410 ($5.05) and a fifty-two week high of GBX 1,570 ($19.32). The business has a 50-day moving average of GBX 693.90 and a two-hundred day moving average of GBX 985.48. The stock has a market capitalization of $2.59 billion and a P/E ratio of 11.11. The company has a debt-to-equity ratio of 88.67, a current ratio of 0.55 and a quick ratio of 0.47.
In other news, insider Moya Greene purchased 7,032 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of GBX 711 ($8.75) per share, for a total transaction of £49,997.52 ($61,527.84). Insiders have purchased 7,103 shares of company stock worth $5,045,082 over the last 90 days.
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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