easyJet (EZJ) Price Target Raised to GBX 1,993

easyJet (LON:EZJ) had its price objective hoisted by equities researchers at Kepler Capital Markets from GBX 1,831 ($23.70) to GBX 1,993 ($25.80) in a report released on Thursday, July 19th. The brokerage currently has a “buy” rating on the stock. Kepler Capital Markets’ target price would indicate a potential upside of 28.54% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Credit Suisse Group set a GBX 1,836 ($23.77) target price on shares of easyJet and gave the stock a “buy” rating in a research report on Wednesday, April 4th. Sanford C. Bernstein set a GBX 1,550 ($20.06) price target on shares of easyJet and gave the stock a “neutral” rating in a research note on Wednesday, July 18th. UBS Group reissued a “buy” rating on shares of easyJet in a research note on Friday, April 6th. Deutsche Bank set a GBX 1,915 ($24.79) price objective on shares of easyJet and gave the company a “neutral” rating in a research note on Monday, June 4th. Finally, Liberum Capital reiterated a “sell” rating on shares of easyJet in a research note on Tuesday, May 15th. Fifteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 1,788 ($23.15).

Shares of LON:EZJ traded down GBX 19 ($0.25) during trading on Thursday, reaching GBX 1,550.50 ($20.07). 1,806,899 shares of the company’s stock traded hands, compared to its average volume of 2,170,000. easyJet has a 12 month low of GBX 977.38 ($12.65) and a 12 month high of GBX 1,698.69 ($21.99).

In other news, insider Chris Brocklesby sold 2,330 shares of the firm’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of GBX 1,803 ($23.34), for a total value of £42,009.90 ($54,381.75).

easyJet Company Profile

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2017, it operated 862 routes and a fleet of 279 aircraft. The company also engages in the trading and leasing of aircrafts; 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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