easyJet (EZJ) Given a GBX 1,600 Price Target at Sanford C. Bernstein
A number of other equities analysts also recently weighed in on the company. UBS restated a buy rating on shares of easyJet in a research note on Monday, September 11th. Numis Securities downgraded easyJet to a sell rating in a research note on Monday, October 16th. Credit Suisse Group restated an outperform rating and issued a GBX 1,583 ($21.31) target price on shares of easyJet in a research note on Thursday, September 14th. Liberum Capital restated a sell rating and issued a GBX 1,100 ($14.80) target price on shares of easyJet in a research note on Monday, November 6th. Finally, cut their target price on easyJet from to and set a buy rating on the stock in a research note on Thursday, October 5th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. easyJet presently has an average rating of Hold and an average target price of GBX 1,375.84 ($18.52).
Shares of easyJet (LON:EZJ) traded down GBX 9 ($0.12) during midday trading on Thursday, hitting GBX 1,417 ($19.07). The stock had a trading volume of 7,299,268 shares, compared to its average volume of 2,340,000. easyJet has a 12-month low of GBX 906.39 ($12.20) and a 12-month high of GBX 1,468.01 ($19.76).
In related news, insider Andrew Findlay bought 122 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were purchased at an average price of GBX 1,322 ($17.79) per share, for a total transaction of £1,612.84 ($2,170.71). Also, insider Johan Lundgren purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was purchased at an average cost of GBX 1,442 ($19.41) per share, for a total transaction of £288,400 ($388,156.12). In the last 90 days, insiders have acquired 20,403 shares of company stock worth $29,367,632.
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easyJet 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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