Berenberg Bank Increases easyJet (EZJ) Price Target to GBX 1,040

easyJet (LON:EZJ) had its price objective raised by research analysts at Berenberg Bank from GBX 1,010 ($13.20) to GBX 1,040 ($13.59) in a research report issued on Wednesday. The brokerage presently has a “sell” rating on the stock. Berenberg Bank’s price objective indicates a potential downside of 17.72% from the company’s previous close.

A number of other research firms have also weighed in on EZJ. Cfra set a GBX 1,400 ($18.29) price target on shares of easyJet and gave the stock a “buy” rating in a research report on Wednesday, November 21st. Numis Securities decreased their price target on shares of easyJet from GBX 1,836 ($23.99) to GBX 1,321 ($17.26) and set a “hold” rating on the stock in a research note on Thursday, October 4th. Royal Bank of Canada set a GBX 1,600 ($20.91) price target on shares of easyJet and gave the company a “buy” rating in a research note on Wednesday, October 17th. Liberum Capital reiterated a “hold” rating and set a GBX 1,800 ($23.52) price objective on shares of easyJet in a research report on Thursday, October 4th. Finally, Deutsche Bank reiterated a “hold” rating and set a GBX 1,440 ($18.82) price objective (down previously from GBX 1,915 ($25.02)) on shares of easyJet in a research report on Wednesday, October 24th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,473.76 ($19.26).

Shares of LON EZJ opened at GBX 1,264 ($16.52) on Wednesday. easyJet has a 12-month low of GBX 977.38 ($12.77) and a 12-month high of GBX 1,698.69 ($22.20).

In other news, insider Andrew Findlay acquired 13,000 shares of the company’s stock in a transaction dated Thursday, November 22nd. The shares were acquired at an average price of GBX 1,134 ($14.82) per share, with a total value of £147,420 ($192,630.34). Insiders have bought a total of 13,039 shares of company stock worth $14,787,279 in the last ninety days.

About easyJet

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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