The Goldman Sachs Group Reiterates GBX 840 Price Target for easyJet (LON:EZJ)

The Goldman Sachs Group set a GBX 840 ($10.36) target price on easyJet (LON:EZJ – Get Rating) in a research report released on Thursday morning, Borsen Zeitung reports.

A number of other research firms have also weighed in on EZJ. Deutsche Bank Aktiengesellschaft reissued a hold rating and issued a GBX 570 ($7.03) target price on shares of easyJet in a report on Wednesday, April 13th. Berenberg Bank reissued a buy rating and issued a GBX 750 ($9.25) target price on shares of easyJet in a report on Tuesday, April 26th. Citigroup reissued a sell rating and issued a GBX 425 ($5.24) target price on shares of easyJet in a report on Tuesday, March 29th. Credit Suisse Group set a GBX 709 ($8.74) target price on shares of easyJet in a report on Tuesday, April 12th. Finally, Barclays reissued an equal weight rating and issued a GBX 700 ($8.63) target price on shares of easyJet in a report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of GBX 697.27 ($8.60).

easyJet stock opened at GBX 526.80 ($6.49) on Thursday. The stock has a market cap of £3.99 billion and a P/E ratio of -3.28. The company has a debt-to-equity ratio of 169.72, a current ratio of 1.56 and a quick ratio of 1.40. easyJet has a 1 year low of GBX 417.40 ($5.15) and a 1 year high of GBX 1,024 ($12.62). The firm’s 50 day moving average price is GBX 536.10 and its 200-day moving average price is GBX 569.87.

In related news, insider Stephen Hester acquired 20,000 shares of the stock in a transaction dated Friday, March 4th. The stock was acquired at an average cost of GBX 480 ($5.92) per share, for a total transaction of £96,000 ($118,343.20). Also, insider Julie Southern acquired 1,517 shares of the stock in a transaction dated Tuesday, February 22nd. The shares were bought at an average price of GBX 656 ($8.09) per share, with a total value of £9,951.52 ($12,267.65). Over the last 90 days, insiders acquired 21,577 shares of company stock valued at $10,625,130.

easyJet Company Profile (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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