easyJet (LON:EZJ) Earns Buy Rating from Peel Hunt

easyJet (LON:EZJ)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 850 price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 75.98% from the company’s current price.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of easyJet from GBX 600 to GBX 535 and set a “hold” rating on the stock in a research note on Friday, September 19th. Jefferies Financial Group reiterated a “buy” rating on shares of easyJet in a report on Monday, September 22nd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of easyJet in a research report on Wednesday, October 15th. Panmure Gordon raised their target price on easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a report on Tuesday. Finally, Citigroup reduced their price target on easyJet from GBX 600 to GBX 520 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, easyJet has an average rating of “Moderate Buy” and an average target price of GBX 673.

easyJet Stock Up 2.1%

EZJ opened at GBX 483 on Tuesday. The company has a market capitalization of £3.63 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49. The company has a debt-to-equity ratio of 110.33, a current ratio of 1.02 and a quick ratio of 1.09. easyJet has a fifty-two week low of GBX 401.05 and a fifty-two week high of GBX 594. The business has a 50-day moving average of GBX 472.02 and a 200-day moving average of GBX 503.29.

easyJet (LON:EZJ) last announced its quarterly earnings results on Tuesday, November 25th. The company reported GBX 66.40 EPS for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. Equities research analysts forecast that easyJet will post 67.3369565 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sue Clark purchased 7,680 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was bought at an average cost of GBX 459 per share, for a total transaction of £35,251.20. 15.15% of the stock is currently owned by corporate insiders.

easyJet Company Profile

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service.