easyJet (EZJ) Raised to “Overweight” at J P Morgan Chase & Co

J P Morgan Chase & Co upgraded shares of easyJet (LON:EZJ) to an overweight rating in a research note published on Wednesday morning, MarketBeat Ratings reports. The firm currently has GBX 1,550 ($20.86) target price on the stock, up from their previous target price of GBX 1,330 ($17.90).

Other research analysts also recently issued research reports about the stock. Beaufort Securities restated a buy rating on shares of easyJet in a report on Thursday, September 7th. UBS restated a buy rating on shares of easyJet in a report on Monday, September 11th. restated a buy rating and set a GBX 1,600 ($21.53) price objective (up previously from GBX 1,550 ($20.86)) on shares of easyJet in a report on Monday, September 4th. Finally, Sanford C. Bernstein set a GBX 1,600 ($21.53) price objective on shares of easyJet and gave the stock a buy rating in a report on Wednesday, August 16th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 1,375.84 ($18.52).

easyJet (EZJ) opened at GBX 1,456 ($19.60) on Wednesday. easyJet has a 1-year low of GBX 906.39 ($12.20) and a 1-year high of GBX 1,462 ($19.68).

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

In other easyJet news, insider Andrew Findlay bought 133 shares of the business’s stock in a transaction on Friday, September 29th. The stock was purchased at an average price of GBX 1,213 ($16.33) per share, for a total transaction of £1,613.29 ($2,171.32). Also, insider Johan Lundgren bought 20,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were acquired at an average price of GBX 1,442 ($19.41) per share, with a total value of £288,400 ($388,156.12). Insiders have acquired 20,406 shares of company stock valued at $29,368,685 in the last quarter.

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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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