Today: The Macquarie Cuts easyJet plc (EZJ) Price Target to GBX 1,240

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

easyJet plc (LON:EZJ) had its target price decreased by analysts at Macquarie from GBX 1,275 ($16.64) to GBX 1,240 ($16.19) in a research report issued on Monday. The brokerage currently has an “outperform” rating on the stock. Macquarie’s price target suggests a potential upside of 41.15% from the stock’s previous close.

EZJ has been the subject of several other reports. Investec cut easyJet plc to a “hold” rating and lowered their target price for the stock from GBX 2,050 ($26.76) to GBX 1,100 ($14.36) in a research note on Friday, July 22nd. Beaufort Securities reissued a “hold” rating on shares of easyJet plc in a research note on Friday, July 22nd. Deutsche Bank AG reaffirmed a “hold” rating on shares of easyJet plc in a report on Friday. Goodbody reaffirmed a “hold” rating on shares of easyJet plc in a report on Thursday. Finally, Liberum Capital reiterated a “sell” rating on shares of easyJet plc in a report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,378.25 ($17.99).

Shares of easyJet plc (LON:EZJ) opened at 879.00 on Monday. easyJet plc has a 12-month low of GBX 862.56 and a 12-month high of GBX 1,809.00. The firm’s market capitalization is GBX 3.46 billion. The company’s 50-day moving average price is GBX 1,075.18 and its 200 day moving average price is GBX 1,266.44.

10/10/macquarie-cuts-easyjet-plc-ezj-price-target-to-gbx-1240.html

In related news, insider Bierwirth,Andreas purchased 1,480 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was bought at an average price of GBX 1,004 ($13.11) per share, with a total value of £14,859.20 ($19,395.90). Also, insider Brocklesby,Chris sold 2,294 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($15.57), for a total value of £27,367.42 ($35,723.04).

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