easyJet plc (EZJ) Coverage Initiated at Berenberg Bank
Equities researchers at Berenberg Bank initiated coverage on shares of easyJet plc (LON:EZJ) in a research report issued to clients and investors on Friday. The firm set a “buy” rating and a GBX 1,250 ($15.62) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 21.12% from the stock’s current price.
Several other equities research analysts also recently weighed in on EZJ. Royal Bank Of Canada decreased their price target on easyJet plc from GBX 1,300 ($16.24) to GBX 1,250 ($15.62) and set a “sector performer” rating for the company in a report on Friday, July 15th. HSBC reissued a “reduce” rating on shares of easyJet plc in a report on Tuesday, July 19th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 1,520 ($18.99) target price on shares of easyJet plc in a report on Tuesday, July 19th. JPMorgan Chase & Co. downgraded easyJet plc to a “neutral” rating and reduced their target price for the company from GBX 1,900 ($23.74) to GBX 1,150 ($14.37) in a report on Wednesday, July 20th. Finally, Liberum Capital reissued a “hold” rating on shares of easyJet plc in a report on Thursday, July 21st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 1,339.35 ($16.73).
Shares of easyJet plc (LON:EZJ) opened at 1066.00 on Friday. easyJet plc has a one year low of GBX 851.00 and a one year high of GBX 1,794.00. The company has a 50 day moving average of GBX 960.75 and a 200-day moving average of GBX 1,167.69. The stock’s market cap is GBX 4.20 billion.
In related news, insider Brocklesby,Chris sold 2,294 shares of the company’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($14.91), for a total transaction of £27,367.42 ($34,192.18).
About easyJet plc
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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