Published On: Fri, Sep 23rd, 2016

easyJet plc (EZJ) Price Target Cut to GBX 1,109 by Analysts at Credit Suisse Group AG

easyJet plc (LON:EZJ) had its price objective cut by equities research analysts at Credit Suisse Group AG from GBX 1,130 ($14.75) to GBX 1,109 ($14.48) in a research note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group AG’s target price would suggest a potential upside of 6.02% from the company’s previous close.
Several other equities analysts also recently weighed in on the stock. HSBC reiterated a “reduce” rating on shares of easyJet plc in a research note on Tuesday. Barclays PLC reduced their target price on shares of easyJet plc from GBX 1,150 ($15.01) to GBX 1,050 ($13.71) and set an “equal weight” rating for the company in a research note on Wednesday, September 14th. Deutsche Bank AG cut shares of easyJet plc to a “hold” rating and reduced their price objective for the company from GBX 1,310 ($17.10) to GBX 1,215 ($15.86) in a research note on Thursday, September 8th. Beaufort Securities reaffirmed a “buy” rating on shares of easyJet plc in a research note on Wednesday, September 7th. Finally, Goodbody reaffirmed a “hold” rating on shares of easyJet plc in a research note on Tuesday, September 6th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the stock. easyJet plc presently has an average rating of “Hold” and an average target price of GBX 1,601.74 ($20.91).
Shares of easyJet plc (LON:EZJ) traded up 1.45% during mid-day trading on Thursday, hitting GBX 1046.00. 2,981,993 shares of the company were exchanged. The company’s 50-day moving average price is GBX 1,092.08 and its 200-day moving average price is GBX 1,306.36. The firm’s market capitalization is GBX 4.12 billion. easyJet plc has a 12-month low of GBX 973.00 and a 12-month high of GBX 1,820.00.

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In other easyJet plc news, insider Barton,John bought 10,000 shares of easyJet plc stock in a transaction dated Wednesday, June 29th. The shares were purchased at an average cost of GBX 1,068 ($13.94) per share, with a total value of £106,800 ($139,407.39). Also, insider Brocklesby,Chris sold 2,294 shares of the company’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($15.57), for a total transaction of £27,367.42 ($35,723.04).
About easyJet plc
easyJet plc is a United Kingdom-based short-haul airline. The Company operates in the short-haul European aviation market. The Company operates through the route network segment. The Company operates approximately 600 routes across over 30 countries with its fleet consisting of approximately 200 Airbus aircraft.

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