easyJet plc (EZJ) Lowered to “Sell” at Societe Generale
easyJet plc (LON:EZJ) was downgraded by equities research analysts at Societe Generale to a “sell” rating in a research note issued to investors on Monday. They currently have a GBX 820 ($10.70) target price on the stock. Societe Generale’s target price would indicate a potential downside of 6.66% from the company’s previous close.
A number of other research analysts have also issued reports on EZJ. Credit Suisse Group AG restated an “outperform” rating and set a GBX 1,532 ($20.00) price objective on shares of easyJet plc in a research report on Monday, June 27th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 1,740 ($22.71) price target on shares of easyJet plc in a research report on Monday, June 27th. Citigroup Inc. reduced their price target on easyJet plc from GBX 1,800 ($23.50) to GBX 1,600 ($20.89) and set a “buy” rating for the company in a research report on Monday, June 27th. Barclays PLC reiterated an “equal weight” rating and set a GBX 1,630 ($21.28) price target on shares of easyJet plc in a research report on Tuesday, June 28th. Finally, Beaufort Securities lowered easyJet plc to a “hold” rating in a research report on Tuesday, June 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,364.50 ($17.81).
Shares of easyJet plc (LON:EZJ) traded down 1.51% on Monday, hitting GBX 882.50. The stock had a trading volume of 3,218,790 shares. easyJet plc has a 12-month low of GBX 862.56 and a 12-month high of GBX 1,809.00. The company’s 50-day moving average price is GBX 1,075.18 and its 200 day moving average price is GBX 1,266.44. The firm’s market cap is GBX 3.48 billion.
In related news, insider Bierwirth,Andreas purchased 1,480 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was bought at an average price 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 dated 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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