easyJet (LON:EZJ) Downgraded by Oddo Securities to Reduce

Oddo Securities downgraded shares of easyJet (LON:EZJ) to a reduce rating in a research note released on Tuesday, ThisIsMoney.Co.Uk reports. They currently have GBX 1,050 ($13.72) price target on the stock, down from their previous price target of GBX 1,170 ($15.29).

A number of other brokerages have also recently issued reports on EZJ. Berenberg Bank restated a sell rating and set a GBX 600 ($7.84) price objective on shares of Great Portland Estates in a report on Tuesday, April 2nd. Barclays decreased their price objective on shares of SpartanNash from $15.00 to $13.00 and set an underweight rating for the company in a report on Tuesday, May 21st. JPMorgan Chase & Co. upgraded shares of ROYAL MAIL PLC/ADR from an underweight rating to a neutral rating in a report on Monday, June 3rd. Commerzbank decreased their price objective on shares of easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a hold rating for the company in a report on Wednesday, May 22nd. Finally, HSBC cut shares of to a reduce rating and decreased their price objective for the company from GBX 1,100 ($14.37) to GBX 800 ($10.45) in a report on Wednesday, June 19th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. easyJet currently has an average rating of Hold and a consensus price target of GBX 1,179.14 ($15.41).

Shares of LON:EZJ opened at GBX 991.40 ($12.95) on Tuesday. The firm has a market cap of $3.94 billion and a PE ratio of 20.27. The business’s 50 day simple moving average is GBX 924.93. The company has a debt-to-equity ratio of 58.86, a quick ratio of 0.50 and a current ratio of 0.60. easyJet has a one year low of GBX 840 ($10.98) and a one year high of GBX 1,737 ($22.70).

In related news, insider John Barton purchased 11,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of GBX 902 ($11.79) per share, with a total value of £99,220 ($129,648.50). In the last ninety days, insiders acquired 11,032 shares of company stock worth $9,952,608.

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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