easyJet plc (LON:EZJ) had its price target reduced by investment analysts at Credit Suisse Group AG from GBX 1,109 ($14.48) to GBX 966 ($12.61) in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. Credit Suisse Group AG’s price objective points to a potential upside of 7.81% from the stock’s previous close.
Several other equities analysts have also weighed in on EZJ. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 1,740 ($22.71) target price on shares of easyJet plc in a report on Monday, June 27th. Citigroup Inc. decreased their target price on shares of easyJet plc from GBX 1,800 ($23.50) to GBX 1,600 ($20.89) and set a “buy” rating on the stock in a report on Monday, June 27th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 1,630 ($21.28) target price on shares of easyJet plc in a report on Tuesday, June 28th. Beaufort Securities lowered shares of easyJet plc to a “hold” rating in a report on Tuesday, June 28th. Finally, Liberum Capital reiterated a “hold” rating on shares of easyJet plc in a report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,425.75 ($18.61).
easyJet plc (LON:EZJ) opened at 871.80 on Thursday. The stock’s 50 day moving average is GBX 1,075.18 and its 200-day moving average is GBX 1,266.44. The stock’s market capitalization is GBX 3.43 billion. easyJet plc has a 12 month low of GBX 862.56 and a 12 month high of GBX 1,809.00.
In related news, insider Brocklesby,Chris sold 2,294 shares of the stock in a transaction on Friday, September 9th. The shares were sold at an average price of GBX 1,193 ($15.57), for a total value of £27,367.42 ($35,723.04). Also, insider Bierwirth,Andreas bought 1,480 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was bought at an average cost of GBX 1,004 ($13.11) per share, for a total transaction of £14,859.20 ($19,395.90).
About easyJet plc
easyJet plc is a United Kingdom-based short-haul airline. The Company operates in the short-haul European aviation market. The Company operates through the route network segment. The Company operates approximately 600 routes across over 30 countries with its fleet consisting of approximately 200 Airbus aircraft.
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