easyJet (LON:EZJ) Stock Rating Upgraded by Berenberg Bank

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easyJet (LON:EZJ) was upgraded by Berenberg Bank to a “buy” rating in a research report issued on Friday, Borsen Zeitung reports. The firm presently has a GBX 1,120 ($14.63) price objective on the stock, up from their prior price objective of GBX 1,040 ($13.59). Berenberg Bank’s target price points to a potential upside of 12.97% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Deutsche Bank set a $142.00 target price on MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, June 28th. Oddo Bhf set a GBX 1,170 ($15.29) target price on easyJet and gave the stock a “neutral” rating in a research report on Monday, May 20th. Commerzbank cut their target price 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. Credit Suisse Group set a $180.00 target price on Accenture and gave the stock a “hold” rating in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. upgraded ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a research report on Monday, June 3rd. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. easyJet has an average rating of “Hold” and an average price target of GBX 1,179.14 ($15.41).

Shares of LON EZJ opened at GBX 991.40 ($12.95) on Friday. 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 business’s 50 day simple moving average is GBX 924.93. The firm has a market capitalization of $3.94 billion and a P/E ratio of 20.27. easyJet has a 12-month low of GBX 840 ($10.98) and a 12-month high of GBX 1,737 ($22.70).

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

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.

Further Reading: Outstanding Shares

Analyst Recommendations for easyJet (LON:EZJ)

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