easyJet (EZJ) PT Set at GBX 1,600 by Royal Bank of Canada

Royal Bank of Canada set a GBX 1,600 ($20.91) target price on easyJet (LON:EZJ) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the stock. Citigroup raised shares of easyJet to a buy rating and set a GBX 1,800 ($23.52) target price for the company in a report on Friday, August 31st. Credit Suisse Group set a GBX 2,059 ($26.90) target price on shares of easyJet and gave the stock a buy rating in a report on Wednesday, September 12th. Berenberg Bank started coverage on shares of easyJet in a report on Tuesday, September 18th. They issued a sell rating and a GBX 1,310 ($17.12) target price for the company. Sanford C. Bernstein set a GBX 1,000 ($13.07) target price on shares of easyJet and gave the stock a sell rating in a report on Monday, October 1st. Finally, UBS Group reissued a neutral rating on shares of easyJet in a report on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 1,653.96 ($21.61).

EZJ stock opened at GBX 1,068 ($13.96) on Wednesday. easyJet has a 12 month low of GBX 977.38 ($12.77) and a 12 month high of GBX 1,698.69 ($22.20).

In other easyJet news, insider Kyla Mullins sold 1,629 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of GBX 1,573 ($20.55), for a total transaction of £25,624.17 ($33,482.52). Insiders have acquired a total of 32 shares of company stock valued at $44,480 in the last three months.

easyJet Company Profile

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2017, it operated 862 routes and a fleet of 279 aircraft. The company also engages in the trading and leasing of aircrafts; 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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