easyJet plc (LON:EZJ) Stock Rating Reaffirmed by Investec

easyJet plc (LON:EZJ)‘s stock had its “hold” rating reissued by equities researchers at Investec in a research report issued on Friday, July 21st. They presently have a GBX 1,400 ($18.17) price objective on the stock. Investec’s price objective indicates a potential upside of 5.90% from the company’s current price.

A number of other research firms have also issued reports on EZJ. Deutsche Bank AG restated a “hold” rating and set a GBX 1,290 ($16.75) price target on shares of easyJet plc in a report on Tuesday, July 18th. BNP Paribas restated a “neutral” rating and set a GBX 1,250 ($16.23) price target on shares of easyJet plc in a report on Tuesday, July 18th. Canaccord Genuity reiterated a “sell” rating and issued a GBX 1,076 ($13.97) price objective on shares of easyJet plc in a research note on Thursday, July 20th. Royal Bank Of Canada set a GBX 1,450 ($18.82) price objective on shares of easyJet plc and gave the company a “neutral” rating in a research note on Thursday, July 20th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,583 ($20.55) price objective on shares of easyJet plc in a research note on Thursday, July 20th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,255.38 ($16.30).

easyJet plc (EZJ) traded up 4.51% during mid-day trading on Friday, reaching GBX 1322.00. 2,792,312 shares of the company’s stock traded hands. The company has a 50-day moving average of GBX 1,328.61 and a 200-day moving average of GBX 1,175.65. The company’s market capitalization is GBX 5.20 billion. easyJet plc has a 52-week low of GBX 851.00 and a 52-week high of GBX 1,444.00.

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In related news, insider Andrew Findlay purchased 119 shares of easyJet plc stock in a transaction on Friday, June 30th. The stock was purchased at an average cost of GBX 1,363 ($17.69) per share, with a total value of £1,621.97 ($2,105.63). Over the last three months, insiders acquired 395 shares of company stock valued at $530,609.

About easyJet plc

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.