HSBC Reiterates “Reduce” Rating for easyJet plc (EZJ)
easyJet plc (LON:EZJ)‘s stock had its “reduce” rating restated by investment analysts at HSBC in a note issued to investors on Friday. They currently have a GBX 800 ($10.44) target price on the stock. HSBC’s target price would suggest a potential downside of 14.30% from the stock’s current price.
EZJ has been the subject of a number of other reports. Investec downgraded shares of easyJet plc to a “hold” rating and decreased their price target for the stock from GBX 2,050 ($26.76) to GBX 1,100 ($14.36) in a research note on Friday, July 22nd. Beaufort Securities reaffirmed a “hold” rating on shares of easyJet plc in a research note on Friday, July 22nd. Goodbody reaffirmed a “hold” rating on shares of easyJet plc in a research note on Thursday. Liberum Capital reaffirmed a “sell” rating on shares of easyJet plc in a research note on Thursday, August 4th. Finally, Barclays PLC decreased their target price on shares of easyJet plc from GBX 1,150 ($15.01) to GBX 1,050 ($13.71) and set an “equal weight” rating for the company in a research note on Wednesday, September 14th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 1,425.75 ($18.61).
easyJet plc (LON:EZJ) opened at 894.00 on Friday. easyJet plc has a 1-year low of GBX 888.66 and a 1-year high of GBX 1,809.00. The stock’s market cap is GBX 3.52 billion. The company has a 50-day moving average price of GBX 1,078.65 and a 200 day moving average price of GBX 1,270.21.
In related news, insider Brocklesby,Chris sold 2,294 shares of the firm’s stock in a transaction that occurred 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 purchased 1,480 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were acquired at an average price 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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