easyJet plc (EZJ) Price Target Cut to GBX 1,240 by Analysts at Macquarie
easyJet plc (LON:EZJ) had its price target lowered by Macquarie from GBX 1,275 ($15.78) to GBX 1,240 ($15.35) in a research report report published on Monday. Macquarie currently has an outperform rating on the stock.
Several other brokerages have also commented on EZJ. Credit Suisse Group AG restated an outperform rating and set a GBX 1,532 ($18.96) target price on shares of easyJet plc in a research report on Monday, June 27th. Goldman Sachs Group Inc. reiterated a buy rating and issued a GBX 1,740 ($21.53) price objective on shares of easyJet plc in a research report on Monday, June 27th. Citigroup Inc. decreased their price objective on shares of easyJet plc from GBX 1,800 ($22.28) to GBX 1,600 ($19.80) and set a buy rating on the stock in a research report on Monday, June 27th. Royal Bank Of Canada decreased their price objective on shares of easyJet plc from GBX 1,300 ($16.09) to GBX 1,250 ($15.47) and set a sector performer rating on the stock in a research report on Friday, July 15th. Finally, Deutsche Bank AG lowered shares of easyJet plc to a hold rating and decreased their price objective for the stock from GBX 1,310 ($16.21) to GBX 1,215 ($15.04) in a research report on Thursday, September 8th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of GBX 1,355.54 ($16.78).
easyJet plc (LON:EZJ) opened at 910.80 on Monday. easyJet plc has a 52 week low of GBX 851.00 and a 52 week high of GBX 1,809.00. The stock’s market cap is GBX 3.59 billion. The firm’s 50-day moving average is GBX 1,068.72 and its 200 day moving average is GBX 1,258.61.
In related news, insider Bierwirth,Andreas purchased 1,480 shares of the firm’s stock in a transaction on Wednesday, July 27th. The stock was purchased at an average price 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 company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($14.76), for a total value 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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