easyJet (LON:EZJ) Stock Rating Reaffirmed by Barclays

easyJet (LON:EZJGet Rating)‘s stock had its “equal weight” rating reissued by equities research analysts at Barclays in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 700 ($8.74) price objective on the stock. Barclays‘s target price points to a potential upside of 31.43% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Deutsche Bank Rese… set a GBX 570 ($7.12) price target on shares of easyJet in a research report on Tuesday, April 19th. Credit Suisse Group set a GBX 709 ($8.86) price target on shares of easyJet in a research report on Tuesday, April 12th. The Goldman Sachs Group set a GBX 825 ($10.31) price target on shares of easyJet in a research report on Tuesday, April 12th. JPMorgan Chase & Co. set a GBX 600 ($7.50) price target on shares of easyJet in a research report on Thursday, April 28th. Finally, Morgan Stanley restated an “overweight” rating and issued a GBX 800 ($9.99) price target (down from GBX 900 ($11.24)) on shares of easyJet in a research report on Friday, March 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, easyJet currently has a consensus rating of “Hold” and an average target price of GBX 696.27 ($8.70).

Shares of LON EZJ opened at GBX 532.60 ($6.65) on Tuesday. The company has a debt-to-equity ratio of 169.72, a quick ratio of 1.40 and a current ratio of 1.56. easyJet has a 52-week low of GBX 417.40 ($5.21) and a 52-week high of GBX 1,095 ($13.68). The firm has a 50 day moving average price of GBX 540.74 and a two-hundred day moving average price of GBX 579.94. The stock has a market cap of £4.04 billion and a P/E ratio of -3.36.

In related news, insider Julie Southern bought 1,517 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were acquired at an average cost of GBX 656 ($8.19) per share, with a total value of £9,951.52 ($12,431.63). Also, insider Stephen Hester bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 4th. The shares were bought at an average cost of GBX 480 ($6.00) per share, for a total transaction of £96,000 ($119,925.05). Over the last ninety days, insiders bought 21,567 shares of company stock worth $10,625,070.

About easyJet (Get Rating)

easyJet plc operates as an airline carrier primarily in Europe. It also leases aircrafts, as well as operates tours; and provides financing services. As of September 31, 2021, the company operated 927 routes with approximately 308 aircrafts in 34 countries; and 153 airports. It sells seats through its own website www.easyjet.com and its ‘easyJet Worldwide' platform, its mobile application, global distribution systems, corporate online booking tools, content aggregators, and tour operator.

Further Reading

Analyst Recommendations for easyJet (LON:EZJ)

Receive News & Ratings for easyJet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for easyJet and related companies with MarketBeat.com's FREE daily email newsletter.