easyJet (LON:EZJ) Given a GBX 600 Price Target at JPMorgan Chase & Co.

easyJet (LON:EZJGet Rating) has been given a GBX 600 ($7.40) price target by JPMorgan Chase & Co. in a research note issued on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 22.22% from the stock’s previous close.

EZJ has been the subject of a number of other research reports. Deutsche Bank Rese… set a GBX 570 ($7.03) target price on easyJet in a research note on Tuesday, April 19th. UBS Group set a GBX 815 ($10.05) price objective on shares of easyJet in a research note on Thursday. Berenberg Bank restated a “buy” rating and issued a GBX 750 ($9.25) target price on shares of easyJet in a research note on Tuesday, April 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 570 ($7.03) price target on shares of easyJet in a research note on Wednesday, April 13th. Finally, Credit Suisse Group set a GBX 709 ($8.74) price objective on shares of easyJet in a research report on Tuesday, April 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, easyJet presently has an average rating of “Hold” and an average target price of GBX 696.27 ($8.58).

Shares of easyJet stock opened at GBX 490.90 ($6.05) on Thursday. The company has a fifty day moving average price of GBX 535.76 and a 200 day moving average price of GBX 570.73. The company has a current ratio of 1.56, a quick ratio of 1.40 and a debt-to-equity ratio of 169.72. easyJet has a twelve month low of GBX 417.40 ($5.15) and a twelve month high of GBX 1,024 ($12.62). The stock has a market cap of £3.72 billion and a price-to-earnings ratio of -3.08.

In related news, insider Stephen Hester acquired 20,000 shares of easyJet stock in a transaction that occurred on Friday, March 4th. The stock was acquired at an average price of GBX 480 ($5.92) per share, for a total transaction of £96,000 ($118,343.20). Also, insider Julie Southern bought 1,517 shares of the company’s stock in a transaction on Tuesday, February 22nd. The stock was bought at an average cost of GBX 656 ($8.09) per share, for a total transaction of £9,951.52 ($12,267.65). In the last ninety days, insiders acquired 21,577 shares of company stock valued at $10,625,130.

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.

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