easyJet plc (LON:EZJ) has been assigned a GBX 1,600 ($20.77) price objective by research analysts at Sanford C. Bernstein in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 22.98% from the stock’s previous close.
EZJ has been the subject of several other reports. Barclays PLC reiterated an “equal weight” rating and set a GBX 1,150 ($14.93) price objective on shares of easyJet plc in a research report on Monday, July 17th. Royal Bank Of Canada upgraded shares of easyJet plc to a “sector perform” rating and increased their price objective for the stock from GBX 875 ($11.36) to GBX 1,325 ($17.20) in a research report on Tuesday, May 23rd. HSBC Holdings plc reiterated a “buy” rating and set a GBX 1,550 ($20.12) price objective on shares of easyJet plc in a research report on Thursday, June 15th. Credit Suisse Group set a GBX 1,583 ($20.55) price objective on shares of easyJet plc and gave the stock a “buy” rating in a research report on Friday, July 7th. Finally, Canaccord Genuity reiterated a “sell” rating and set a GBX 1,076 ($13.97) price objective on shares of easyJet plc in a research report on Thursday, July 20th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,255.38 ($16.30).
easyJet plc (LON:EZJ) opened at 1260.00 on Wednesday. The company’s market capitalization is GBX 4.95 billion. The firm has a 50-day moving average of GBX 1,326.43 and a 200-day moving average of GBX 1,179.01. 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 bought 128 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of GBX 1,265 ($16.42) per share, with a total value of £1,619.20 ($2,102.04). Over the last three months, insiders have purchased 395 shares of company stock worth $530,609.
easyJet plc Company Profile
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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