Trade Report: The Macquarie Lowers easyJet plc (EZJ) Price Target to GBX 1,240

The Macquarie Lowers easyJet plc (EZJ) Price Target to GBX 1,240

easyJet plc (LON:EZJ) had its price target trimmed by Macquarie from GBX 1,275 ($15.78) to GBX 1,240 ($15.35) in a report published on Monday morning. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Beaufort Securities downgraded shares of easyJet plc to a hold rating in a research note on Tuesday, June 28th. JPMorgan Chase & Co. downgraded shares of easyJet plc to a neutral rating and reduced their price target for the company from GBX 1,900 ($23.51) to GBX 1,150 ($14.23) in a research note on Wednesday, July 20th. HSBC restated a reduce rating on shares of easyJet plc in a research note on Tuesday, July 19th. Goodbody restated a hold rating on shares of easyJet plc in a research note on Friday, July 22nd. Finally, Barclays PLC restated an equal weight rating and issued a GBX 1,630 ($20.17) price target on shares of easyJet plc in a research note on Tuesday, June 28th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 1,341.92 ($16.61).

easyJet plc (LON:EZJ) opened at 874.50 on Monday. easyJet plc has a 12-month low of GBX 851.00 and a 12-month high of GBX 1,809.00. The firm’s market cap is GBX 3.45 billion. The stock has a 50 day moving average of GBX 1,052.54 and a 200 day moving average of GBX 1,249.29.

In related news, insider Bierwirth,Andreas purchased 1,480 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were bought at an average cost of GBX 1,004 ($12.43) per share, with a total value of £14,859.20 ($18,390.10). Also, insider Brocklesby,Chris sold 2,294 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($14.76), for a total transaction of £27,367.42 ($33,870.57).

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