easyJet plc (EZJ) Downgraded to “Neutral” at Bank of America Corp.
Bank of America Corp. downgraded shares of easyJet plc (LON:EZJ) to a neutral rating in a report released on Friday. The brokerage currently has GBX 1,050 ($13.71) target price on the stock, down from their prior target price of GBX 1,300 ($16.97).
Several other research firms have also commented on EZJ. JPMorgan Chase & Co. lowered easyJet plc to a neutral rating and cut their price target for the stock from GBX 1,900 ($24.80) to GBX 1,150 ($15.01) in a research report on Wednesday, July 20th. Citigroup Inc. cut their price target 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 report on Monday, June 27th. Goodbody reaffirmed a hold rating on shares of easyJet plc in a research report on Tuesday, September 6th. Kepler Capital Markets cut their price target on easyJet plc from GBX 965 ($12.60) to GBX 866 ($11.30) and set a reduce rating on the stock in a research report on Friday. Finally, Credit Suisse Group AG cut their price target on easyJet plc from GBX 1,109 ($14.48) to GBX 966 ($12.61) and set a neutral rating on the stock in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 1,364.50 ($17.81).
easyJet plc (LON:EZJ) traded down 1.9641% on Friday, reaching GBX 878.4015. The company had a trading volume of 3,454,745 shares. The company’s market capitalization is GBX 3.46 billion. easyJet plc has a 52-week low of GBX 862.56 and a 52-week high of GBX 1,809.00. The company’s 50-day moving average is GBX 1,075.18 and its 200-day moving average is GBX 1,266.44.
In other easyJet plc news, insider Bierwirth,Andreas bought 1,480 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased 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 shares were 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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