easyJet (LON:EZJ)‘s stock had its “sell” rating reissued by analysts at Liberum Capital in a note issued to investors on Wednesday. They currently have a GBX 1,100 ($14.80) target price on the stock. Liberum Capital’s price target would suggest a potential downside of 24.24% from the stock’s current price.
EZJ has been the subject of a number of other reports. reissued a “buy” rating and issued a GBX 1,600 ($21.53) price target (up from GBX 1,550 ($20.86)) on shares of easyJet in a research report on Monday, September 4th. UBS reissued a “buy” rating on shares of easyJet in a research report on Monday, September 11th. Deutsche Bank set a GBX 1,310 ($17.63) price target on shares of easyJet and gave the company a “neutral” rating in a research report on Tuesday, August 29th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 1,380 ($18.57) target price on shares of easyJet in a report on Monday, October 9th. Finally, Redburn Partners reaffirmed a “buy” rating and issued a GBX 1,900 ($25.57) target price on shares of easyJet in a report on Monday, November 27th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 1,375.84 ($18.52).
Shares of easyJet (EZJ) opened at GBX 1,452 ($19.54) on Wednesday. easyJet has a 1 year low of GBX 906.39 ($12.20) and a 1 year high of GBX 1,461.50 ($19.67).
In other news, insider Andrew Findlay acquired 122 shares of easyJet stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average price of GBX 1,322 ($17.79) per share, with a total value of £1,612.84 ($2,170.71). Also, insider Johan Lundgren acquired 20,000 shares of easyJet stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of GBX 1,442 ($19.41) per share, for a total transaction of £288,400 ($388,156.12). Insiders have purchased 20,406 shares of company stock worth $29,368,685 in the last three months.
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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.
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