easyJet plc (EZJ) Rating Lowered to Hold at Deutsche Bank AG
easyJet plc (LON:EZJ) was downgraded by investment analysts at Deutsche Bank AG to a “hold” rating in a research report issued to clients and investors on Friday. They presently have a GBX 1,000 ($12.38) price target on the stock, down from their prior price target of GBX 1,215 ($15.04). Deutsche Bank AG’s price target suggests a potential upside of 14.22% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Beaufort Securities lowered shares of easyJet plc to a “hold” rating in a research note on Tuesday, June 28th. JPMorgan Chase & Co. lowered shares of easyJet plc to a “neutral” rating and decreased their price target for the company from GBX 1,900 ($23.51) to GBX 1,150 ($14.23) in a research note on Wednesday, July 20th. HSBC reiterated a “reduce” rating on shares of easyJet plc in a research note on Tuesday, July 19th. Goodbody reiterated a “hold” rating on shares of easyJet plc in a research note on Friday, July 22nd. Finally, Citigroup Inc. decreased their price target on shares of easyJet plc from GBX 1,500 ($18.56) to GBX 1,200 ($14.85) and set a “buy” rating on the stock in a research note on Friday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,355.54 ($16.78).
easyJet plc (LON:EZJ) opened at 878.50 on Friday. The stock has a 50 day moving average of GBX 1,068.72 and a 200-day moving average of GBX 1,258.61. easyJet plc has a 1-year low of GBX 851.00 and a 1-year high of GBX 1,809.00. The company’s market cap is GBX 3.46 billion.
In related news, insider Bierwirth,Andreas purchased 1,480 shares of easyJet plc stock in a transaction on Wednesday, July 27th. The stock was acquired at an average cost of GBX 1,004 ($12.43) per share, for a total transaction of £14,859.20 ($18,390.10). Also, insider Brocklesby,Chris sold 2,294 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($14.76), for a total transaction of £27,367.42 ($33,870.57).
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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