Shares of easyJet plc (LON:EZJ – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 479.31 ($6.06) and traded as high as GBX 559 ($7.06). easyJet shares last traded at GBX 557.60 ($7.05), with a volume of 2,987,082 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on EZJ shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 585 ($7.39) price target on shares of easyJet in a research note on Wednesday, November 29th. Barclays reaffirmed an “overweight” rating and issued a GBX 700 ($8.85) price target on shares of easyJet in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. dropped their price target on easyJet from GBX 690 ($8.72) to GBX 680 ($8.59) and set an “overweight” rating for the company in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, easyJet has an average rating of “Moderate Buy” and an average price target of GBX 609.17 ($7.70).
Get Our Latest Stock Report on easyJet
easyJet Stock Performance
easyJet Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, February 22nd were paid a dividend of GBX 4.50 ($0.06) per share. This represents a yield of 0.9%. The ex-dividend date of this dividend was Thursday, February 22nd. easyJet’s payout ratio is 1,162.79%.
Insiders Place Their Bets
In other easyJet news, insider Catherine Bradley CBE bought 10,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was purchased at an average price of GBX 507 ($6.41) per share, with a total value of £50,700 ($64,071.78). Over the last 90 days, insiders acquired 10,084 shares of company stock valued at $5,114,992. 16.55% of the stock is currently owned by corporate insiders.
easyJet Company Profile
easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.
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