easyJet (EZJ) Given “Sell” Rating at Liberum Capital

Liberum Capital reiterated their sell rating on shares of easyJet (LON:EZJ) in a research note published on Wednesday. Liberum Capital currently has a GBX 1,100 ($14.80) price objective on the stock.

A number of other research analysts have also recently issued reports on EZJ. J P Morgan Chase & Co raised shares of easyJet to an overweight rating and lifted their price objective for the company from GBX 1,330 ($17.90) to GBX 1,550 ($20.86) in a research note on Wednesday. Barclays set a GBX 1,185 ($15.95) price objective on shares of easyJet and gave the company a neutral rating in a research note on Wednesday, August 9th. Morgan Stanley lifted their price objective on shares of easyJet from GBX 1,230 ($16.55) to GBX 1,490 ($20.05) and gave the company an equal weight rating in a research note on Monday. reissued a buy rating and issued a GBX 1,550 ($20.86) price objective on shares of easyJet in a research note on Friday, September 29th. Finally, Sanford C. Bernstein set a GBX 1,600 ($21.53) price objective on shares of easyJet and gave the company a buy rating in a research note on Wednesday, November 29th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have issued a buy rating to the stock. easyJet presently has an average rating of Hold and a consensus price target of GBX 1,375.84 ($18.52).

Shares of easyJet (EZJ) traded up GBX 6.36 ($0.09) during trading hours on Wednesday, reaching GBX 1,449 ($19.50). 1,953,593 shares of the company were exchanged, compared to its average volume of 2,280,000. easyJet has a fifty-two week low of GBX 906.39 ($12.20) and a fifty-two week high of GBX 1,447 ($19.48).

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

In other news, insider Andrew Findlay bought 133 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were acquired at an average price of GBX 1,213 ($16.33) per share, for a total transaction of £1,613.29 ($2,171.32). Also, insider Johan Lundgren bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of GBX 1,442 ($19.41) per share, for a total transaction of £288,400 ($388,156.12). In the last 90 days, insiders purchased 20,406 shares of company stock worth $29,368,685.

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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.

Analyst Recommendations for easyJet (LON:EZJ)

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