easyJet plc (EZJ) Price Target Cut to GBX 825 by Analysts at Liberum Capital
easyJet plc (LON:EZJ) had its price target decreased by Liberum Capital from GBX 930 ($11.51) to GBX 825 ($10.21) in a research note released on Monday morning. Liberum Capital currently has a sell rating on the stock.
A number of other equities research analysts also recently commented on the company. Macquarie dropped their price objective on easyJet plc from GBX 1,275 ($15.78) to GBX 1,240 ($15.35) and set an outperform rating for the company in a report on Monday. Deutsche Bank AG downgraded easyJet plc to a hold rating and dropped their price objective for the company from GBX 1,215 ($15.04) to GBX 1,000 ($12.38) in a report on Friday. Bank of America Corp. downgraded easyJet plc to a neutral rating and dropped their price objective for the company from GBX 1,300 ($16.09) to GBX 1,050 ($13.00) in a report on Friday. HSBC reiterated a reduce rating and issued a GBX 800 ($9.90) price objective on shares of easyJet plc in a report on Friday. Finally, Barclays PLC reiterated an equal weight rating and issued a GBX 1,050 ($13.00) price objective on shares of easyJet plc in a report on Friday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 1,355.54 ($16.78).
Shares of easyJet plc (LON:EZJ) opened at 910.80 on Monday. The stock’s 50 day moving average price is GBX 1,068.72 and its 200-day moving average price is 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 stock’s market capitalization is GBX 3.59 billion.
In related news, insider Bierwirth,Andreas bought 1,480 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were acquired 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 dated 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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