Citigroup Has Lowered Expectations for easyJet (LON:EZJ) Stock Price

easyJet (LON:EZJ) had its price objective dropped by analysts at Citigroup from GBX 600 to GBX 520 in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 6.97% from the stock’s current price.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of easyJet from GBX 600 to GBX 535 and set a “hold” rating on the stock in a research report on Friday, September 19th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of easyJet in a report on Wednesday, October 15th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of easyJet in a report on Monday, September 22nd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 585.

easyJet Stock Up 1.4%

EZJ stock opened at GBX 486.10 on Thursday. The firm has a market cap of £3.65 billion, a PE ratio of 8.94, a PEG ratio of 0.59 and a beta of 2.49. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. The firm’s 50 day moving average price is GBX 476.53 and its 200-day moving average price is GBX 504.59. easyJet has a one year low of GBX 401.05 and a one year high of GBX 594.

Insider Activity at easyJet

In other easyJet news, insider Sue Clark purchased 7,680 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was acquired at an average price of GBX 459 per share, for a total transaction of £35,251.20. 15.15% of the stock is currently owned by company insiders.

easyJet Company Profile

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service.