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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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.
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