easyJet (LON:EZJ) Earns Equal weight Rating from Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of easyJet (LON:EZJ) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.

Several other research analysts have also weighed in on the company. Commerzbank reduced their target price on easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a hold rating on the stock in a report on Wednesday, May 22nd. UBS Group set a $25.00 target price on Macy’s and gave the stock a hold rating in a report on Friday, May 17th. Oddo Securities lowered easyJet to a reduce rating and reduced their target price for the stock from GBX 1,170 ($15.29) to GBX 1,050 ($13.72) in a report on Tuesday, July 9th. Oddo Bhf set a GBX 1,170 ($15.29) target price on easyJet and gave the stock a neutral rating in a report on Monday, May 20th. Finally, Sanford C. Bernstein set a GBX 1,000 ($13.07) target price on easyJet and gave the stock a neutral rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. easyJet presently has a consensus rating of Hold and a consensus price target of GBX 1,179.14 ($15.41).

EZJ stock opened at GBX 1,067.50 ($13.95) on Monday. The business’s 50-day simple moving average is GBX 934.47. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 58.86. The company has a market capitalization of $4.11 billion and a price-to-earnings ratio of 21.83. easyJet has a 1-year low of GBX 840 ($10.98) and a 1-year high of GBX 1,737 ($22.70).

In other news, insider John Barton purchased 11,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). Over the last 90 days, insiders bought 11,032 shares of company stock worth $9,952,608.

easyJet Company Profile

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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