easyJet’s (EZJ) Underweight Rating Reiterated at Barclays

Barclays reaffirmed their underweight rating on shares of easyJet (LON:EZJ) in a research report released on Wednesday, Borsen Zeitung reports. They currently have a GBX 1,100 ($14.37) price target on the stock.

Several other research analysts have also commented on EZJ. UBS Group reissued a neutral rating and set a GBX 1,100 ($14.37) price objective (up previously from GBX 1,080 ($14.11)) on shares of easyJet in a report on Friday, October 4th. Sanford C. Bernstein set a GBX 1,000 ($13.07) price objective on easyJet and gave the stock a neutral rating in a report on Monday, September 16th. Credit Suisse Group set a GBX 1,206 ($15.76) target price on easyJet and gave the stock a buy rating in a research note on Tuesday. JPMorgan Chase & Co. set a GBX 1,060 ($13.85) target price on easyJet and gave the stock a neutral rating in a research note on Tuesday. Finally, Oddo Securities lowered easyJet to a reduce rating and cut their target price for the stock from GBX 1,170 ($15.29) to GBX 1,050 ($13.72) in a research note on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. easyJet currently has an average rating of Hold and an average target price of GBX 1,175.76 ($15.36).

Shares of LON EZJ opened at GBX 1,200 ($15.68) on Wednesday. easyJet has a 12 month low of GBX 840 ($10.98) and a 12 month high of GBX 1,367.50 ($17.87). The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 58.86. The firm has a market capitalization of $4.77 billion and a price-to-earnings ratio of 24.54. The business has a 50-day moving average of GBX 1,042.40 and a 200-day moving average of GBX 1,020.10.

In related news, insider Andrew Findlay acquired 1,279 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of GBX 970 ($12.67) per share, for a total transaction of £12,406.30 ($16,211.03). Insiders acquired 1,323 shares of company stock valued at $1,285,349 in the last quarter.

easyJet Company Profile

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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Analyst Recommendations for easyJet (LON:EZJ)

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