easyJet plc (LON:EZJ) Given Average Recommendation of “Hold” by Analysts

Shares of easyJet plc (LON:EZJ – Get Rating) have received an average rating of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 697.93 ($9.15).

A number of research analysts recently weighed in on EZJ shares. JPMorgan Chase & Co. set a GBX 620 ($8.13) price objective on shares of easyJet in a research note on Monday. Credit Suisse Group set a GBX 709 ($9.30) price objective on easyJet in a research note on Thursday, January 27th. Barclays restated an “equal weight” rating and issued a GBX 705 ($9.25) target price on shares of easyJet in a research note on Tuesday, March 29th. UBS Group set a GBX 815 ($10.69) price target on easyJet in a research report on Tuesday, February 1st. Finally, Liberum Capital restated a “buy” rating and issued a GBX 800 ($10.49) price objective on shares of easyJet in a research report on Tuesday, February 15th.

Shares of LON EZJ traded up GBX 15.79 ($0.21) during midday trading on Monday, hitting GBX 538.99 ($7.07). The company’s stock had a trading volume of 5,090,210 shares, compared to its average volume of 6,256,472. The firm has a market capitalization of £4.09 billion and a price-to-earnings ratio of -3.39. The company has a current ratio of 1.56, a quick ratio of 1.40 and a debt-to-equity ratio of 169.72. The stock has a fifty day moving average price of GBX 578.15 and a 200 day moving average price of GBX 590.76. easyJet has a one year low of GBX 417.40 ($5.47) and a one year high of GBX 1,095 ($14.36).

In other easyJet news, insider Julie Southern purchased 1,517 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The shares were purchased at an average cost of GBX 656 ($8.60) per share, with a total value of £9,951.52 ($13,051.17). Also, insider Stephen Hester acquired 20,000 shares of the business’s stock in a transaction dated Friday, March 4th. The stock was acquired at an average cost of GBX 480 ($6.30) per share, with a total value of £96,000 ($125,901.64). In the last 90 days, insiders have bought 21,567 shares of company stock worth $10,625,070.

About easyJet (Get Rating)

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. It also engages in the trading and leasing of aircrafts, as well as in tour operations; develops building projects; and provides financing services. As of September 30, 2020, the company operated 981 routes and a fleet of 342 aircrafts.

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