easyJet plc (LON:EZJ) Given Consensus Recommendation of “Hold” by Brokerages

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Shares of easyJet plc (LON:EZJ) have earned a consensus rating of “Hold” from the twenty-one research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,203.65 ($15.73).

A number of equities research analysts have commented on the company. Commerzbank reduced their target price on easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a “hold” rating for the company in a report on Wednesday, May 22nd. JPMorgan Chase & Co. raised their target price on easyJet from GBX 1,000 ($13.07) to GBX 1,060 ($13.85) and gave the company a “neutral” rating in a report on Thursday, July 18th. Oddo Securities downgraded easyJet to a “reduce” rating and reduced their target price for the company from GBX 1,170 ($15.29) to GBX 1,050 ($13.72) in a report on Tuesday, July 9th. HSBC set a GBX 1,000 ($13.07) target price on easyJet and gave the company a “neutral” rating in a report on Friday, July 19th. Finally, Barclays reissued an “underweight” rating on shares of easyJet in a report on Monday, July 15th.

easyJet stock traded down GBX 16 ($0.21) during midday trading on Friday, reaching GBX 889.80 ($11.63). The company’s stock had a trading volume of 1,056,576 shares, compared to its average volume of 2,170,000. easyJet has a fifty-two week low of GBX 840 ($10.98) and a fifty-two week high of GBX 1,618.50 ($21.15). The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 58.86. The company’s 50 day simple moving average is GBX 998.82. The company has a market capitalization of $3.55 billion and a price-to-earnings ratio of 18.20.

In other news, insider John Barton purchased 11,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average price of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). Also, insider Andrew Findlay purchased 1,279 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of GBX 970 ($12.67) per share, with a total value of £12,406.30 ($16,211.03). In the last 90 days, insiders bought 12,326 shares of company stock valued at $11,207,698.

About easyJet

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.

See Also: P/E Growth (PEG)

Analyst Recommendations for easyJet (LON:EZJ)

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