easyJet (EZJ) Lifted to Overweight at Morgan Stanley
Morgan Stanley upgraded shares of easyJet (LON:EZJ) to an overweight rating in a research note published on Friday. Morgan Stanley currently has GBX 1,725 ($23.39) target price on the stock, up from their prior target price of GBX 1,490 ($20.21).
Several other equities research analysts have also weighed in on the company. Numis Securities lowered easyJet to a sell rating in a research report on Monday, October 16th. Credit Suisse Group increased their target price on easyJet from GBX 1,527 ($20.71) to GBX 1,565 ($21.22) and gave the stock an outperform rating in a research report on Monday, October 30th. Liberum Capital reaffirmed a sell rating and issued a GBX 1,100 ($14.92) target price on shares of easyJet in a research report on Monday, November 6th. dropped their target price on easyJet from to and set a buy rating on the stock in a research report on Thursday, October 5th. Finally, Beaufort Securities reaffirmed a buy rating on shares of easyJet in a research report on Tuesday, November 7th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 1,409.04 ($19.11).
Shares of easyJet (LON EZJ) traded up GBX 71.50 ($0.97) during midday trading on Friday, reaching GBX 1,584.50 ($21.49). The company’s stock had a trading volume of 4,326,966 shares, compared to its average volume of 2,010,000. easyJet has a 1 year low of GBX 906.39 ($12.29) and a 1 year high of GBX 1,587 ($21.52). The firm has a market capitalization of $6,290.00 and a price-to-earnings ratio of 2,112.67.
In related news, insider Andrew Findlay purchased 122 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was acquired at an average price of GBX 1,322 ($17.93) per share, for a total transaction of £1,612.84 ($2,187.20). Also, insider Johan Lundgren purchased 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average price of GBX 1,442 ($19.56) per share, with a total value of £288,400 ($391,103.88). Insiders have purchased 20,371 shares of company stock valued at $29,353,602 in the last ninety days.
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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