Sanford C. Bernstein set a GBX 1,000 ($13.07) price objective on easyJet (LON:EZJ) in a research note released on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other brokerages have also issued reports on EZJ. Liberum Capital reissued a hold rating on shares of easyJet in a report on Friday, March 22nd. Royal Bank of Canada reissued a buy rating on shares of easyJet in a report on Tuesday, February 19th. Credit Suisse Group set a GBX 1,683 ($21.99) price target on shares of easyJet and gave the stock a buy rating in a report on Wednesday, February 13th. Berenberg Bank raised shares of easyJet to a hold rating and set a GBX 1,040 ($13.59) price target on the stock in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. set a GBX 1,225 ($16.01) price target on shares of easyJet and gave the stock a neutral rating in a report on Friday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. easyJet currently has an average rating of Hold and an average target price of GBX 1,277.60 ($16.69).
easyJet stock traded up GBX 52 ($0.68) during trading hours on Friday, reaching GBX 1,025 ($13.39). The stock had a trading volume of 6,207,434 shares, compared to its average volume of 2,170,000. The firm has a market cap of $4.05 billion and a PE ratio of 11.36. easyJet has a 52 week low of GBX 997.40 ($13.03) and a 52 week high of GBX 1,808.50 ($23.63). The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 29.98.
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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