Liberum Capital Reiterates Sell Rating for easyJet plc (EZJ)
easyJet plc (LON:EZJ)‘s stock had its “sell” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Tuesday. They presently have a GBX 1,100 ($14.62) price target on the stock. Liberum Capital’s target price suggests a potential downside of 16.48% from the company’s current price.
Other analysts also recently issued reports about the company. Sanford C. Bernstein set a GBX 1,600 ($21.26) price objective on easyJet plc and gave the stock a “buy” rating in a report on Tuesday, June 27th. UBS AG restated a “buy” rating and set a price objective on shares of easyJet plc in a report on Friday, June 23rd. Credit Suisse Group set a GBX 1,583 ($21.03) price objective on easyJet plc and gave the stock a “buy” rating in a report on Friday, July 7th. Beaufort Securities restated a “buy” rating on shares of easyJet plc in a report on Friday, July 7th. Finally, HSBC Holdings plc upped their price objective on easyJet plc from GBX 1,550 ($20.60) to GBX 1,600 ($21.26) and gave the stock a “buy” rating in a report on Friday, July 21st. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. easyJet plc presently has a consensus rating of “Hold” and a consensus target price of GBX 1,254.48 ($16.67).
easyJet plc (LON EZJ) opened at 1299.50 on Tuesday. easyJet plc has a 12 month low of GBX 900.50 and a 12 month high of GBX 1,444.00. The company has a 50-day moving average price of GBX 1,226.86 and a 200 day moving average price of GBX 1,261.33. The stock’s market capitalization is GBX 5.11 billion.
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In other easyJet plc news, insider Andrew Findlay acquired 135 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were purchased at an average price of GBX 1,195 ($15.88) per share, for a total transaction of £1,613.25 ($2,143.57). In the last quarter, insiders have purchased 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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