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.

The company also recently announced a dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 1st will be paid a dividend of GBX 40.90 ($0.55) per share. The ex-dividend date is Thursday, March 1st. This represents a yield of 3%.

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.

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About easyJet

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.

Analyst Recommendations for easyJet (LON:EZJ)

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