Morgan Stanley Reiterates Equal weight Rating for easyJet (EZJ)

Morgan Stanley reissued their equal weight rating on shares of easyJet (LON:EZJ) in a research note published on Wednesday, November 22nd. The brokerage currently has a GBX 1,230 ($16.55) price target on the stock.

EZJ has been the subject of several other research reports. reissued a buy rating and set a GBX 1,500 ($20.19) price target on shares of easyJet in a research report on Thursday, October 19th. Liberum Capital restated a sell rating and issued a GBX 1,100 ($14.80) price objective on shares of easyJet in a report on Wednesday, September 6th. Goldman Sachs Group set a GBX 1,330 ($17.90) price objective on shares of easyJet and gave the stock a neutral rating in a report on Wednesday, November 22nd. Credit Suisse Group restated an outperform rating and issued a GBX 1,583 ($21.31) price objective on shares of easyJet in a report on Thursday, September 14th. Finally, J P Morgan Chase & Co restated an underweight rating and issued a GBX 1,380 ($18.57) price objective on shares of easyJet in a report on Monday, October 9th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 1,367.04 ($18.40).

Shares of easyJet (LON:EZJ) opened at GBX 1,410 ($18.98) on Wednesday. easyJet has a 12 month low of GBX 906.39 ($12.20) and a 12 month high of GBX 1,444 ($19.43).

The business also recently declared a dividend, which will be paid on Friday, March 23rd. Stockholders of record on Thursday, March 1st will be issued a dividend of GBX 40.90 ($0.55) per share. This represents a dividend yield of 3%. The ex-dividend date is Thursday, March 1st.

In related news, insider Andrew Findlay purchased 122 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average price of GBX 1,322 ($17.79) per share, with a total value of £1,612.84 ($2,170.71). In the last ninety days, insiders have bought 406 shares of company stock worth $528,685.

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About easyJet

easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.

Analyst Recommendations for easyJet (LON:EZJ)

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