easyJet plc (LON:EZJ) was upgraded by stock analysts at HSBC to a “buy” rating in a report issued on Wednesday. The brokerage currently has a GBX 1,150 ($14.37) target price on the stock, up from their previous target price of GBX 800 ($10.00). HSBC’s price target points to a potential upside of 12.75% from the stock’s current price.
A number of other brokerages also recently weighed in on EZJ. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 1,130 ($14.12) price target on shares of easyJet plc in a report on Friday, September 9th. Royal Bank Of Canada cut their price target on shares of easyJet plc from GBX 1,300 ($16.24) to GBX 1,250 ($15.62) and set a “sector performer” rating for the company in a report on Friday, July 15th. Deutsche Bank AG downgraded shares of easyJet plc to a “hold” rating and cut their price target for the company from GBX 1,310 ($16.37) to GBX 1,215 ($15.18) in a report on Thursday, September 8th. Beaufort Securities reissued a “buy” rating on shares of easyJet plc in a report on Wednesday, September 7th. Finally, Barclays PLC cut their price target on shares of easyJet plc from GBX 1,150 ($14.37) to GBX 1,050 ($13.12) and set an “equal weight” rating for the company in a report on Wednesday, September 14th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,312.72 ($16.40).
easyJet plc (LON:EZJ) traded down 0.1957% during midday trading on Wednesday, hitting GBX 1017.8807. 1,697,552 shares of the company traded hands. easyJet plc has a 12-month low of GBX 851.00 and a 12-month high of GBX 1,771.00. The company’s market cap is GBX 4.01 billion. The stock has a 50 day moving average price of GBX 973.62 and a 200-day moving average price of GBX 1,146.95.
The business also recently disclosed a dividend, which will be paid on Friday, March 17th. Shareholders of record on Thursday, February 23rd will be paid a dividend of GBX 53.80 ($0.67) per share. The ex-dividend date is Thursday, February 23rd. This represents a yield of 4.95%.
In other easyJet plc news, insider Brocklesby,Chris sold 2,294 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($14.91), for a total transaction of £27,367.42 ($34,192.18).