easyJet (LON:EZJ) Price Target Raised to GBX 625 at JPMorgan Chase & Co.

easyJet (LON:EZJGet Rating) had its price target increased by research analysts at JPMorgan Chase & Co. from GBX 600 ($7.55) to GBX 625 ($7.86) in a research note issued on Thursday, MarketBeat reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 21.78% from the stock’s current price.

Several other research analysts have also weighed in on EZJ. Berenberg Bank reissued a “buy” rating and set a GBX 750 ($9.44) price objective on shares of easyJet in a report on Tuesday, May 17th. UBS Group set a GBX 815 ($10.26) price target on shares of easyJet in a report on Thursday, May 19th. The Goldman Sachs Group set a GBX 830 ($10.44) price target on shares of easyJet in a report on Wednesday. Citigroup reaffirmed a “sell” rating and issued a GBX 425 ($5.35) price target on shares of easyJet in a report on Tuesday, March 29th. Finally, Sanford C. Bernstein set a GBX 800 ($10.07) price objective on shares of easyJet in a research report on Thursday, May 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, easyJet presently has an average rating of “Hold” and a consensus target price of GBX 698.27 ($8.79).

EZJ opened at GBX 513.20 ($6.46) on Thursday. The company has a fifty day simple moving average of GBX 534.89 and a 200 day simple moving average of GBX 566.74. The firm has a market cap of £3.89 billion and a price-to-earnings ratio of -3.22. easyJet has a twelve month low of GBX 417.40 ($5.25) and a twelve month high of GBX 1,024 ($12.89). The company has a current ratio of 1.56, a quick ratio of 1.40 and a debt-to-equity ratio of 169.72.

In related news, insider Stephen Hester purchased 20,000 shares of the company’s stock in a transaction on Friday, March 4th. The shares were bought at an average cost of GBX 480 ($6.04) per share, for a total transaction of £96,000 ($120,800.30). Insiders have acquired a total of 20,060 shares of company stock worth $9,629,978 over the last 90 days.

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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