easyJet (LON:EZJ) Earns "Neutral" Rating from JPMorgan Chase & Co.

Key Points

• easyJet's stock has been given a "neutral" rating by JPMorgan Chase & Co. and has a current average rating of "Hold" with a target price of GBX 617.50.
• As of Wednesday, easyJet's stock traded down 3.0%, reaching GBX 486.36, with a notable market cap of £3.65 billion.
• Insider Sue Clark purchased 7,680 shares of easyJet at an average price of GBX 459, indicating insider confidence in the company's stock.

easyJet (LON:EZJ - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at JPMorgan Chase & Co. in a report released on Wednesday,Digital Look reports.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group restated a "buy" rating on shares of easyJet in a research report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft cut their target price 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. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of GBX 617.50.

easyJet Trading Down 3.0%

easyJet stock traded down GBX 14.84 during mid-day trading on Wednesday, hitting GBX 486.36. The company's stock had a trading volume of 7,914,260 shares, compared to its average volume of 12,954,965. The business has a 50 day moving average price of GBX 479.86 and a 200-day moving average price of GBX 502.57. 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 12 month low of GBX 401.05 and a 12 month high of GBX 594. The stock has a market cap of £3.65 billion, a price-to-earnings ratio of 894.04, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49.

Insider Buying and Selling

In other news, insider Sue Clark bought 7,680 shares of the stock in a transaction dated Thursday, September 18th. The stock was bought at an average price of GBX 459 per share, for a total transaction of £35,251.20. 15.15% of the stock is owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.