J P Morgan Chase & Co Raises easyJet plc (EZJ) Price Target to GBX 1,380
easyJet plc (LON:EZJ) had its price objective hoisted by J P Morgan Chase & Co from GBX 1,350 ($17.91) to GBX 1,380 ($18.30) in a report issued on Tuesday morning. J P Morgan Chase & Co currently has an underweight rating on the stock.
Other equities analysts have also issued reports about the stock. Beaufort Securities reiterated a buy rating on shares of easyJet plc in a research note on Wednesday, June 7th. HSBC Holdings plc reiterated a buy rating and issued a GBX 1,550 ($20.56) price target on shares of easyJet plc in a research note on Thursday, June 15th. Sanford C. Bernstein set a GBX 1,600 ($21.22) price target on shares of easyJet plc and gave the company a buy rating in a research note on Tuesday, June 27th. UBS AG reiterated a buy rating and issued a price target on shares of easyJet plc in a research note on Friday, June 23rd. Finally, Credit Suisse Group AG set a GBX 1,583 ($21.00) price target on shares of easyJet plc and gave the company a buy rating in a research note on Friday, July 7th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 1,252.88 ($16.62).
Shares of easyJet plc (LON:EZJ) opened at 1255.00 on Tuesday. The company’s market capitalization is GBX 4.93 billion. easyJet plc has a 12-month low of GBX 851.00 and a 12-month high of GBX 1,444.00. The stock has a 50 day moving average of GBX 1,219.17 and a 200-day moving average of GBX 1,241.77.
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In other easyJet plc news, insider Andrew Findlay bought 133 shares of easyJet plc stock in a transaction on Friday, September 29th. The stock was bought at an average price of GBX 1,213 ($16.09) per share, with a total value of £1,613.29 ($2,139.93). In the last three months, insiders acquired 431 shares of company stock valued at $529,491.
About easyJet plc
easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
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