Insider Buying: easyJet (LON:EZJ) Insider Acquires 42 Shares of Stock

easyJet plc (LON:EZJ – Get Free Report) insider Kenton Jarvis purchased 42 shares of the stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of GBX 363 per share, with a total value of £152.46.

Kenton Jarvis also recently made the following trade(s):

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• On Friday, April 10th, Kenton Jarvis purchased 38 shares of easyJet stock. The shares were acquired at an average cost of GBX 389 per share, with a total value of £147.82.
• On Tuesday, March 10th, Kenton Jarvis purchased 37 shares of easyJet stock. The shares were acquired at an average cost of GBX 406 per share, with a total value of £150.22.

easyJet Trading Down 0.7%

EZJ traded down GBX 2.60 during midday trading on Tuesday, reaching GBX 360.60. 3,603,132 shares of the company’s stock traded hands, compared to its average volume of 27,030,027. The firm has a fifty day moving average of GBX 375.71 and a two-hundred day moving average of GBX 448.03. The stock has a market capitalization of £2.70 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 0.59 and a beta of 1.71. The company has a debt-to-equity ratio of 83.65, a current ratio of 1.11 and a quick ratio of 1.09. easyJet plc has a 52 week low of GBX 337.10 and a 52 week high of GBX 590.60.

Analysts Set New Price Targets

EZJ has been the subject of several research reports. Citigroup decreased their target price on easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Royal Bank Of Canada decreased their target price on easyJet from GBX 440 to GBX 415 and set an “outperform” rating for the company in a research report on Friday, April 17th. UBS Group reissued a “buy” rating and issued a GBX 800 target price on shares of easyJet in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft decreased their target price on easyJet from GBX 465 to GBX 340 and set a “sell” rating for the company in a research report on Thursday, March 19th. Finally, JPMorgan Chase & Co. decreased their target price on easyJet from GBX 400 to GBX 350 and set an “underweight” rating for the company in a research report on Wednesday, April 15th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 575.

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easyJet Company Profile

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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. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.

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