Sanford C. Bernstein Analysts Give easyJet (LON:EZJ) a GBX 1,600 Price Target

easyJet (LON:EZJ) has been given a GBX 1,600 ($22.11) price objective by investment analysts at Sanford C. Bernstein in a report issued on Monday, January 29th. The firm currently has a “neutral” rating on the stock. Sanford C. Bernstein’s price target would indicate a potential downside of 0.81% from the stock’s previous close.

A number of other brokerages have also weighed in on EZJ. Morgan Stanley set a GBX 1,880 ($25.97) price objective on easyJet and gave the company a “buy” rating in a report on Wednesday, January 24th. S&P Global set a GBX 1,750 ($24.18) price objective on easyJet and gave the company a “neutral” rating in a report on Wednesday, January 24th. Numis Securities raised easyJet to a “hold” rating and set a GBX 1,508 ($20.83) price objective on the stock in a report on Thursday, January 25th. Liberum Capital reiterated a “sell” rating and set a GBX 1,100 ($15.20) price target on shares of easyJet in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada upgraded shares of easyJet to an “outperform” rating and lifted their price target for the company from GBX 1,450 ($20.03) to GBX 1,700 ($23.49) in a research report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 1,552.17 ($21.44).

Shares of easyJet (LON EZJ) traded up GBX 27 ($0.37) on Monday, reaching GBX 1,613 ($22.29). The company’s stock had a trading volume of 1,380,728 shares, compared to its average volume of 2,270,000. easyJet has a 12 month low of GBX 906.39 ($12.52) and a 12 month high of GBX 1,695.67 ($23.43). The stock has a market cap of $6,410.00 and a price-to-earnings ratio of 2,150.67.

In other easyJet news, insider Andrew Findlay sold 3,243 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of GBX 1,383 ($19.11), for a total value of £44,850.69 ($61,965.58). Also, insider Johan Lundgren purchased 20,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of GBX 1,442 ($19.92) per share, with a total value of £288,400 ($398,452.61). Insiders have purchased a total of 20,238 shares of company stock valued at $29,178,260 over the last 90 days.

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easyJet Company Profile

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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