easyJet (LON:EZJ) Stock Price Expected to Rise, Panmure Gordon Analyst Says

easyJet (LON:EZJ) had its price objective boosted by research analysts at Panmure Gordon from GBX 730 to GBX 780 in a report issued on Tuesday, MarketBeat.com reports. The firm currently has a “buy” rating on the stock. Panmure Gordon’s price target points to a potential upside of 61.49% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Citigroup dropped their target price on easyJet from GBX 600 to GBX 520 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of easyJet from GBX 600 to GBX 535 and set a “hold” rating on the stock in a report on Friday, September 19th. JPMorgan Chase & Co. restated a “neutral” rating on shares of easyJet in a report on Wednesday, October 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of easyJet in a research report on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 673.

easyJet Price Performance

Shares of LON EZJ opened at GBX 483 on Tuesday. The company has a fifty day moving average price of GBX 472.02 and a 200 day moving average price of GBX 503.29. The firm has a market cap of £3.63 billion, a PE ratio of 8.88, a PEG ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. easyJet has a 1-year low of GBX 401.05 and a 1-year high of GBX 594.

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

Insider Buying and Selling at easyJet

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

About easyJet

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.