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.
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