easyJet (LON:EZJ) Given a GBX 1,000 Price Target at Sanford C. Bernstein

Sanford C. Bernstein set a GBX 1,000 ($13.07) price objective on easyJet (LON:EZJ) in a research report sent to investors on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on EZJ. Deutsche Bank upped their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a buy rating in a research note on Friday, July 12th. JPMorgan Chase & Co. cut shares of News from a neutral rating to an underweight rating in a research note on Thursday. 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 research note on Wednesday, June 19th. Commerzbank lowered their target price on shares of easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a hold rating on the stock in a research note on Wednesday, May 22nd. Finally, Berenberg Bank restated a hold rating and set a GBX 900 ($11.76) target price on shares of WPP in a research note on Friday, July 12th. 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 currently has a consensus rating of Hold and an average target price of GBX 1,192.95 ($15.59).

EZJ opened at GBX 1,100 ($14.37) on Friday. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 58.86. The company has a market cap of $4.37 billion and a PE ratio of 22.49. The company’s 50-day moving average is GBX 942.44. easyJet has a 52-week low of GBX 840 ($10.98) and a 52-week high of GBX 1,737 ($22.70).

In other easyJet news, insider John Barton acquired 11,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). Insiders bought a total of 11,032 shares of company stock worth $9,952,608 in the last quarter.

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 Story: Momentum Indicator: Relative Strength Index

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.