easyJet (LON:EZJ) Given a GBX 1,300 Price Target at Royal Bank of Canada

Royal Bank of Canada set a GBX 1,300 ($16.99) price objective on easyJet (LON:EZJ) in a research report report published on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. Berenberg Bank restated a hold rating and issued a GBX 900 ($11.76) target price on shares of WPP in a report on Friday, July 12th. HSBC cut shares of to a reduce rating and lowered their target price for the company from GBX 1,100 ($14.37) to GBX 800 ($10.45) in a report on Wednesday, June 19th. Oddo Bhf set a GBX 1,170 ($15.29) target price on shares of easyJet and gave the company a neutral rating in a report on Monday, May 20th. Sanford C. Bernstein set a GBX 1,000 ($13.07) target price on shares of easyJet and gave the company a neutral rating in a report on Friday, May 17th. Finally, Barclays set a $330.00 target price on shares of Thermo Fisher Scientific and gave the company a buy rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,192.95 ($15.59).

Shares of easyJet stock traded up GBX 24 ($0.31) during trading hours on Thursday, hitting GBX 1,100 ($14.37). The company had a trading volume of 2,536,640 shares, compared to its average volume of 2,170,000. The company’s 50-day moving average price is GBX 938.23. easyJet has a twelve month low of GBX 840 ($10.98) and a twelve month high of GBX 1,737 ($22.70). The company has a debt-to-equity ratio of 58.86, a quick ratio of 0.50 and a current ratio of 0.60. The firm has a market cap of $4.37 billion and a P/E ratio of 22.49.

In other easyJet news, insider John Barton purchased 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average price of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). In the last quarter, insiders have purchased 11,032 shares of company stock valued at $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.

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