Deutsche Bank Aktiengesellschaft Cuts easyJet (LON:EZJ) Price Target to GBX 535

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for easyJet from GBX 600 to GBX 535, maintaining a "hold" rating, with an estimated potential upside of 18.36% from the current price.
• In contrast, JPMorgan Chase & Co. raised easyJet's target price from GBX 670 to GBX 700 and rated the stock as "overweight," indicating positive market sentiment.
• easyJet currently has an average rating of "Moderate Buy" with a target price averaging GBX 617.50, highlighting mixed analyst opinions on the stock's future performance.

easyJet (LON:EZJ - Get Free Report) had its target price decreased by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 600 to GBX 535 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 19.61% from the stock's current price.

Separately, JPMorgan Chase & Co. boosted their price objective on easyJet from GBX 670 to GBX 700 and gave the company an "overweight" rating in a report on Friday, July 18th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 617.50.

easyJet Stock Down 1.3%

Shares of LON EZJ traded down GBX 5.90 during midday trading on Friday, hitting GBX 447.30. 2,631,754 shares of the stock traded hands, compared to its average volume of 12,897,252. The company has a market cap of £3.36 billion, a PE ratio of 822.24, a P/E/G ratio of 0.59 and a beta of 2.49. easyJet has a one year low of GBX 401.05 and a one year high of GBX 594. The business has a 50 day moving average price of GBX 491.79 and a two-hundred day moving average price of GBX 505.18. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02.

Insider Transactions at easyJet

In related news, insider Sue Clark acquired 7,680 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were acquired at an average price of GBX 459 per share, with a total value of £35,251.20. Company insiders own 15.15% of the company's stock.

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.