easyJet plc (EZJ) Receives Average Rating of “Hold” from Brokerages

Shares of easyJet plc (LON:EZJ) have received a consensus recommendation of “Hold” from the twenty-seven analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 1,465.39 ($19.15).

Several equities analysts have recently weighed in on the stock. Citigroup upped their price objective on shares of easyJet from GBX 1,400 ($18.29) to GBX 1,800 ($23.52) and gave the company a “buy” rating in a report on Thursday, September 27th. Kepler Capital Markets dropped their price objective on shares of easyJet from GBX 1,993 ($26.04) to GBX 1,659 ($21.68) and set a “buy” rating on the stock in a report on Thursday, September 27th. Liberum Capital reiterated a “hold” rating on shares of easyJet in a report on Friday, September 28th. UBS Group reiterated a “neutral” rating and set a GBX 1,300 ($16.99) price objective (down previously from GBX 1,900 ($24.83)) on shares of easyJet in a report on Friday, September 28th. Finally, Sanford C. Bernstein set a GBX 1,000 ($13.07) price objective on shares of easyJet and gave the company a “sell” rating in a report on Monday, October 1st.

In other news, insider Andrew Findlay bought 13,000 shares of the stock in a transaction on Thursday, November 22nd. The shares were acquired at an average cost of GBX 1,134 ($14.82) per share, for a total transaction of £147,420 ($192,630.34). Insiders have purchased a total of 13,039 shares of company stock worth $14,787,279 over the last 90 days.

EZJ stock traded up GBX 73 ($0.95) during midday trading on Tuesday, hitting GBX 1,234.50 ($16.13). The stock had a trading volume of 4,242,234 shares, compared to its average volume of 2,170,000. easyJet has a 1-year low of GBX 977.38 ($12.77) and a 1-year high of GBX 1,698.69 ($22.20).

The business also recently announced a dividend, which will be paid on Friday, March 22nd. Stockholders of record on Thursday, February 28th will be given a dividend of GBX 58.60 ($0.77) per share. This is an increase from easyJet’s previous dividend of $40.90. This represents a dividend yield of 5.28%. The ex-dividend date is Thursday, February 28th.

About easyJet

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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Analyst Recommendations for easyJet (LON:EZJ)

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