JPMorgan Chase & Co. Analysts Give easyJet (LON:EZJ) a GBX 620 Price Target

easyJet (LON:EZJGet Rating) has been given a GBX 620 ($8.07) price target by equities research analysts at JPMorgan Chase & Co. in a report issued on Wednesday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.89% from the company’s previous close.

Several other equities research analysts have also recently weighed in on EZJ. UBS Group set a GBX 815 ($10.60) price objective on easyJet in a report on Tuesday, April 12th. Barclays reissued an “equal weight” rating and issued a GBX 705 ($9.17) target price on shares of easyJet in a research report on Tuesday, March 29th. Berenberg Bank reissued a “buy” rating and issued a GBX 750 ($9.76) target price on shares of easyJet in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 570 ($7.42) target price on shares of easyJet in a research report on Wednesday, April 13th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 800 ($10.41) target price on shares of easyJet in a research report on Wednesday, April 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, easyJet has a consensus rating of “Hold” and an average price target of GBX 697.93 ($9.08).

LON EZJ traded up GBX 2 ($0.03) on Wednesday, hitting GBX 564.20 ($7.34). The company’s stock had a trading volume of 3,271,265 shares, compared to its average volume of 6,130,979. easyJet has a 52-week low of GBX 417.40 ($5.43) and a 52-week high of GBX 1,095 ($14.25). 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 company’s 50-day simple moving average is GBX 565.98 and its 200 day simple moving average is GBX 588.36. The firm has a market cap of £4.28 billion and a P/E ratio of -3.54.

In other easyJet news, insider Julie Southern bought 1,517 shares of easyJet stock in a transaction on Tuesday, February 22nd. The stock was acquired at an average price of GBX 656 ($8.53) per share, with a total value of £9,951.52 ($12,947.59). Also, insider Stephen Hester bought 20,000 shares of easyJet stock in a transaction on Friday, March 4th. The stock was acquired at an average cost of GBX 480 ($6.25) per share, with a total value of £96,000 ($124,902.42). In the last three months, insiders acquired 21,567 shares of company stock valued at $10,625,070.

easyJet Company Profile (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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Analyst Recommendations for easyJet (LON:EZJ)

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