Jefferies Financial Group Reiterates "Buy" Rating for easyJet (LON:EZJ)

Key Points

• Jefferies Financial Group has reaffirmed its "Buy" rating for easyJet, indicating confidence in the airline's performance.
• easyJet's stock has shown volatility with a current trading price of GBX 447.40 and a 52-week range between GBX 401.05 and GBX 594.
• Insider Sue Clark recently purchased 7,680 shares at an average cost of GBX 459, reflecting ongoing insider confidence in the stock.

easyJet (LON:EZJ - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Jefferies Financial Group in a research note issued on Monday,Digital Look reports.

A number of other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on easyJet from GBX 600 to GBX 535 and set a "hold" rating for the company in a report on Friday. JPMorgan Chase & Co. upped their price objective on easyJet from GBX 670 to GBX 700 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, easyJet presently has a consensus rating of "Moderate Buy" and an average price target of GBX 617.50.

easyJet Stock Performance

easyJet stock opened at GBX 447.40 on Monday. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. The company has a market capitalization of £3.36 billion, a PE ratio of 822.43, a P/E/G ratio of 0.59 and a beta of 2.49. The company has a 50 day moving average price of GBX 491.79 and a 200-day moving average price of GBX 505.18. easyJet has a fifty-two week low of GBX 401.05 and a fifty-two week high of GBX 594.

Insider Activity at easyJet

In related news, insider Sue Clark acquired 7,680 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was purchased 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 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.

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