Kepler Capital Markets Cuts easyJet plc (EZJ) Price Target to GBX 866
easyJet plc (LON:EZJ) had its price objective lowered by equities researchers at Kepler Capital Markets from GBX 965 ($12.60) to GBX 866 ($11.30) in a report issued on Friday. The brokerage presently has a “reduce” rating on the stock. Kepler Capital Markets’ target price suggests a potential downside of 7.23% from the company’s previous close.
Several other analysts also recently issued reports on EZJ. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 1,532 ($20.00) target price on shares of easyJet plc in a research note on Monday, June 27th. Goldman Sachs Group Inc. reissued a “buy” rating and set a GBX 1,740 ($22.71) target price on shares of easyJet plc in a research note on Monday, June 27th. Citigroup Inc. decreased their target price on easyJet plc from GBX 1,800 ($23.50) to GBX 1,600 ($20.89) and set a “buy” rating on the stock in a research note on Monday, June 27th. Royal Bank Of Canada decreased their target price on easyJet plc from GBX 1,300 ($16.97) to GBX 1,250 ($16.32) and set a “sector performer” rating on the stock in a research note on Friday, July 15th. Finally, Deutsche Bank AG downgraded easyJet plc to a “hold” rating and decreased their target price for the company from GBX 1,310 ($17.10) to GBX 1,215 ($15.86) in a research note on Thursday, September 8th. Three research 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 stock presently has an average rating of “Hold” and a consensus price target of GBX 1,482.42 ($19.35).
Shares of easyJet plc (LON:EZJ) opened at 933.50 on Friday. The stock’s market cap is GBX 3.68 billion. The stock’s 50 day moving average price is GBX 1,078.65 and its 200-day moving average price is GBX 1,270.21. easyJet plc has a 1-year low of GBX 913.50 and a 1-year high of GBX 1,809.00.
In other news, insider Bierwirth,Andreas bought 1,480 shares of the stock in a transaction on Wednesday, July 27th. The stock was acquired at an average cost of GBX 1,004 ($13.11) per share, for a total transaction of £14,859.20 ($19,395.90). Also, insider Brocklesby,Chris sold 2,294 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($15.57), for a total value of £27,367.42 ($35,723.04).
easyJet plc Company Profile
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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