Brokerages Set easyJet plc (EZJ) Price Target at $1,287.21

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Shares of easyJet plc (LON:EZJ) have been given an average rating of “Hold” by the twenty-two brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 1,287.21 ($16.82).

EZJ has been the topic of several analyst reports. Royal Bank of Canada set a GBX 1,600 ($20.91) price target on easyJet and gave the stock a “buy” rating in a report on Monday, April 1st. HSBC lowered easyJet to a “hold” rating and reduced their price target for the stock from GBX 1,650 ($21.56) to GBX 1,100 ($14.37) in a report on Tuesday, April 2nd. Berenberg Bank lifted their price target on easyJet from GBX 1,010 ($13.20) to GBX 1,040 ($13.59) and gave the stock a “sell” rating in a report on Wednesday, January 23rd. Liberum Capital reiterated a “hold” rating on shares of easyJet in a report on Thursday, February 14th. Finally, Credit Suisse Group reduced their price target on easyJet from GBX 1,683 ($21.99) to GBX 1,571 ($20.53) and set an “outperform” rating on the stock in a report on Thursday, March 28th.

EZJ stock traded down GBX 14.50 ($0.19) during midday trading on Thursday, reaching GBX 1,035.50 ($13.53). The stock had a trading volume of 1,996,309 shares, compared to its average volume of 2,170,000. The company has a debt-to-equity ratio of 29.98, a quick ratio of 0.76 and a current ratio of 0.97. The firm has a market capitalization of $4.10 billion and a P/E ratio of 11.48. easyJet has a 52-week low of GBX 997.40 ($13.03) and a 52-week high of GBX 1,808.50 ($23.63).

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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