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).
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
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