J P Morgan Chase & Co Reaffirms Underweight Rating for easyJet plc (EZJ)
J P Morgan Chase & Co restated their underweight rating on shares of easyJet plc (LON:EZJ) in a research note released on Monday. J P Morgan Chase & Co currently has a GBX 1,380 ($18.14) target price on the stock.
Several other research firms have also commented on EZJ. Liberum Capital restated a sell rating and set a GBX 1,000 ($13.15) price target on shares of easyJet plc in a research report on Monday, July 17th. Investec restated a hold rating and set a GBX 1,400 ($18.41) price target on shares of easyJet plc in a research report on Friday, July 21st. UBS AG set a GBX 1,465 ($19.26) price target on easyJet plc and gave the stock a buy rating in a research report on Tuesday, September 5th. Beaufort Securities restated a buy rating on shares of easyJet plc in a research report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) lowered easyJet plc to a neutral rating and raised their price target for the stock from GBX 970 ($12.75) to GBX 1,300 ($17.09) in a research report on Friday, June 16th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 1,254.48 ($16.49).
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In other news, insider Andrew Findlay acquired 135 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were bought at an average price of GBX 1,195 ($15.71) per share, with a total value of £1,613.25 ($2,121.02). Over the last 90 days, insiders acquired 433 shares of company stock worth $529,987.
easyJet plc Company Profile
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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