easyJet (LON:EZJ) Earns “Hold” Rating from Deutsche Bank

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easyJet (LON:EZJ)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank in a report issued on Friday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently weighed in on the company. Commerzbank decreased their price objective 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 report on Wednesday, May 22nd. JPMorgan Chase & Co. raised ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a research report on Monday, June 3rd. HSBC cut to a “reduce” rating and decreased their price objective for the stock from GBX 1,100 ($14.37) to GBX 800 ($10.45) in a research report on Wednesday, June 19th. Credit Suisse Group set a $180.00 price objective on Accenture and gave the stock a “hold” rating in a research report on Friday, June 28th. Finally, Oddo Bhf set a GBX 1,170 ($15.29) price objective on easyJet and gave the stock a “neutral” rating in a research report on Monday, May 20th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,179.14 ($15.41).

easyJet stock opened at GBX 991.40 ($12.95) on Friday. easyJet has a twelve month low of GBX 840 ($10.98) and a twelve month high of GBX 1,737 ($22.70). The stock’s 50 day moving average is GBX 924.93. 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 firm has a market cap of $3.94 billion and a PE ratio of 20.27.

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

About easyJet

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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Analyst Recommendations for easyJet (LON:EZJ)

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