easyJet (LON:EZJ) Cut to Reduce at Oddo Securities

Oddo Securities lowered shares of easyJet (LON:EZJ) to a reduce rating in a research report released on Tuesday morning, ThisIsMoney.Co.Uk reports. The brokerage currently has GBX 1,050 ($13.72) target price on the stock, down from their prior target price of GBX 1,170 ($15.29).

Several other equities research analysts also recently issued reports on EZJ. Royal Bank of Canada reissued an outperform rating on shares of in a research note on Friday, June 21st. UBS Group set a $25.00 price target on Macy’s and gave the stock a hold rating in a research note on Friday, May 17th. Commerzbank cut their price target on easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a hold rating for the company in a research note on Wednesday, May 22nd. HSBC downgraded to a reduce rating and cut their price target for the stock from GBX 1,100 ($14.37) to GBX 800 ($10.45) in a research note on Wednesday, June 19th. Finally, Credit Suisse Group set a $180.00 price target on Accenture and gave the stock a hold rating in a research note on Friday, June 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. easyJet currently has an average rating of Hold and an average target price of GBX 1,179.14 ($15.41).

Shares of easyJet stock opened at GBX 992.60 ($12.97) on Tuesday. The business has a 50-day simple moving average of GBX 923.64. The stock has a market cap of $3.94 billion and a P/E ratio of 20.30. The company has a debt-to-equity ratio of 58.86, a quick ratio of 0.50 and a current ratio of 0.60. easyJet has a 1 year low of GBX 840 ($10.98) and a 1 year high of GBX 1,737 ($22.70).

In related news, insider John Barton acquired 11,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of GBX 902 ($11.79) per share, with a total value of £99,220 ($129,648.50). In the last three months, insiders have bought 11,032 shares of company stock worth $9,952,608.

easyJet Company Profile

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.

Featured Article: What is the downside to momentum investing?

Analyst Recommendations for easyJet (LON:EZJ)

Receive News & Ratings for easyJet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for easyJet and related companies with MarketBeat.com's FREE daily email newsletter.