Analysts Set easyJet plc (EZJ) Price Target at $1,527.88

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Shares of easyJet plc (LON:EZJ) have been given an average recommendation of “Hold” by the twenty-seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is GBX 1,527.88 ($19.96).

Several equities research analysts have commented on the stock. Sanford C. Bernstein set a GBX 1,550 ($20.25) price target on shares of easyJet and gave the company a “neutral” rating in a research note on Tuesday, August 21st. UBS Group restated a “neutral” rating on shares of easyJet in a research note on Wednesday, August 15th. Citigroup upgraded shares of easyJet to a “buy” rating and set a GBX 1,800 ($23.52) price target on the stock in a research note on Friday, August 31st. Credit Suisse Group set a GBX 2,059 ($26.90) price target on shares of easyJet and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, Berenberg Bank assumed coverage on shares of easyJet in a research note on Tuesday, September 18th. They issued a “sell” rating and a GBX 1,310 ($17.12) price target on the stock.

LON EZJ traded up GBX 5.50 ($0.07) during trading hours on Monday, reaching GBX 1,111.50 ($14.52). The company’s stock had a trading volume of 1,743,600 shares, compared to its average volume of 2,170,000. easyJet has a 52 week low of GBX 977.38 ($12.77) and a 52 week high of GBX 1,698.69 ($22.20).

The business also recently disclosed a dividend, which will be paid on Friday, March 22nd. Investors of record on Thursday, February 28th will be paid a dividend of GBX 58.60 ($0.77) per share. This represents a dividend yield of 5.28%. The ex-dividend date of this dividend is Thursday, February 28th. This is a positive change from easyJet’s previous dividend of $40.90.

In related news, insider Andrew Findlay acquired 13,000 shares of the stock in a transaction that occurred on Thursday, November 22nd. The shares were acquired at an average price of GBX 1,134 ($14.82) per share, for a total transaction of £147,420 ($192,630.34). Insiders have purchased 13,036 shares of company stock worth $14,788,265 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, 2017, it operated 862 routes and a fleet of 279 aircraft. The company also engages in the trading and leasing of aircrafts; 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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