Morgan Stanley set a GBX 1,000 ($13.07) target price on easyJet (LON:EZJ) in a research report report published on Thursday, September 19th, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other brokerages also recently issued reports on EZJ. Oddo Securities downgraded easyJet to a reduce rating and lowered their price target for the stock from GBX 1,170 ($15.29) to GBX 1,050 ($13.72) in a research report on Tuesday, July 9th. Barclays restated an underweight rating on shares of easyJet in a research report on Monday, July 15th. Berenberg Bank set a GBX 1,150 ($15.03) target price on easyJet and gave the company a buy rating in a research report on Friday, July 19th. Royal Bank of Canada set a GBX 1,300 ($16.99) target price on easyJet and gave the company a buy rating in a research report on Thursday, July 18th. Finally, Sanford C. Bernstein set a GBX 1,000 ($13.07) price target on easyJet and gave the company a neutral rating in a report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. easyJet has an average rating of Hold and an average target price of GBX 1,175.76 ($15.36).
Shares of EZJ traded up GBX 92 ($1.20) during mid-day trading on Thursday, reaching GBX 1,200 ($15.68). The company had a trading volume of 4,588,398 shares, compared to its average volume of 2,170,000. The stock has a market capitalization of $4.77 billion and a P/E ratio of 24.54. The stock has a 50 day moving average of GBX 1,042.40 and a two-hundred day moving average of GBX 1,020.10. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 58.86. easyJet has a 52-week low of GBX 840 ($10.98) and a 52-week high of GBX 1,367.50 ($17.87).
In other news, insider Andrew Findlay acquired 1,279 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of GBX 970 ($12.67) per share, with a total value of £12,406.30 ($16,211.03). Insiders bought 1,323 shares of company stock valued at $1,285,349 over the last ninety days.
easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.
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