easyJet (LON:EZJ) had its target price upped by analysts at Societe Generale from GBX 710 ($8.74) to GBX 880 ($10.83) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a "hold" rating on the stock. Societe Generale's target price indicates a potential upside of 28.62% from the stock's current price.
Other analysts have also issued research reports about the company. HSBC boosted their price target on easyJet from GBX 900 ($11.08) to GBX 925 ($11.38) and gave the company a "buy" rating in a report on Thursday, May 7th. Bank of America raised easyJet to a "buy" rating in a report on Tuesday, March 10th. Credit Suisse Group set a GBX 746 ($9.18) price target on easyJet and gave the company a "buy" rating in a report on Tuesday, June 16th. Liberum Capital restated an "under review" rating on shares of easyJet in a research report on Thursday, June 25th. Finally, Main First Bank downgraded easyJet to a "sell" rating and lowered their price objective for the company from GBX 1,100 ($13.54) to GBX 450 ($5.54) in a research report on Thursday, April 2nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of "Hold" and a consensus price target of GBX 989.30 ($12.17).
LON:EZJ opened at GBX 684.20 ($8.42) on Friday. The stock has a 50-day simple moving average of GBX 701.09 and a two-hundred day simple moving average of GBX 978.72. easyJet has a 52-week low of GBX 410 ($5.05) and a 52-week high of GBX 1,570 ($19.32). The company has a debt-to-equity ratio of 88.67, a quick ratio of 0.47 and a current ratio of 0.55. The firm has a market capitalization of $2.66 billion and a PE ratio of 11.18.
In other news, insider Moya Greene bought 7,032 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average cost of GBX 711 ($8.75) per share, for a total transaction of £49,997.52 ($61,527.84). Insiders purchased 7,103 shares of company stock worth $5,045,082 over the last quarter.
easyJet Company Profile
easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.
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