Macquarie Reiterates Outperform Rating for easyJet plc (EZJ)
easyJet plc (LON:EZJ)‘s stock had its “outperform” rating reiterated by Macquarie in a research report issued to clients and investors on Friday. They currently have a GBX 1,275 ($16.64) price objective on the stock. Macquarie’s price target suggests a potential upside of 24.88% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Citigroup Inc. dropped 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. Goldman Sachs Group Inc. reaffirmed 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. Beaufort Securities reaffirmed a “buy” rating on shares of easyJet plc in a report on Tuesday, June 7th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,520 ($19.84) target price on shares of easyJet plc in a report on Tuesday, July 19th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,930 ($25.19) target price on shares of easyJet plc in a report on Thursday, August 25th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,561.52 ($20.38).
easyJet plc (LON:EZJ) opened at 1005.00 on Friday. The stock has a 50 day moving average of GBX 1,090.81 and a 200-day moving average of GBX 1,288.71. easyJet plc has a 1-year low of GBX 973.00 and a 1-year high of GBX 1,820.00. The company’s market cap is GBX 3.96 billion.
In related news, insider Brocklesby,Chris sold 2,294 shares of easyJet plc 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 transaction of £27,367.42 ($35,723.04). Also, insider Bierwirth,Andreas bought 1,480 shares of the stock in a transaction that occurred on Wednesday, July 27th. The shares were purchased at an average cost of GBX 1,004 ($13.11) per share, with a total value 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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