easyJet plc (LON:EZJ) Receives GBX 613 Consensus Price Target from Analysts

easyJet plc (LON:EZJ) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 632.50.

Several brokerages have recently commented on EZJ. UBS Group restated a “buy” rating and set a GBX 800 target price on shares of easyJet in a report on Friday. Citigroup reduced their price target on shares of easyJet from GBX 520 to GBX 500 and set a “neutral” rating on the stock in a research report on Wednesday, November 26th. Panmure Gordon increased their price objective on shares of easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Jefferies Financial Group restated a “buy” rating on shares of easyJet in a research report on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of easyJet to a “sell” rating and reduced their target price for the stock from GBX 535 to GBX 465 in a research report on Thursday.

easyJet Stock Performance

LON:EZJ opened at GBX 485.10 on Wednesday. easyJet has a 1 year low of GBX 401.05 and a 1 year high of GBX 590.60. The firm has a 50 day moving average of GBX 491.97 and a 200-day moving average of GBX 489.82. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. The stock has a market capitalization of £3.63 billion, a P/E ratio of 7.50, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49.

easyJet (LON:EZJ) last released its quarterly earnings results on Tuesday, November 25th. The company reported GBX 66.40 EPS for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. As a group, sell-side analysts anticipate that easyJet will post 67.3369565 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Harald Eisenächer acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average cost of GBX 476 per share, for a total transaction of £19,040. In the last three months, insiders have purchased 4,061 shares of company stock valued at $1,933,698. Insiders own 15.15% of the company’s stock.

About easyJet

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.