Main First Bank Boosts easyJet (LON:EZJ) Price Target to GBX 1,400

easyJet (LON:EZJ) had its price objective upped by Main First Bank from GBX 950 ($12.41) to GBX 1,400 ($18.29) in a research report released on Friday, Stock Target Advisor reports. Main First Bank currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on EZJ. Bank of America set a GBX 1,200 ($15.68) price objective on easyJet and gave the company a neutral rating in a research report on Tuesday, October 1st. Commerzbank boosted their price target on easyJet from GBX 1,150 ($15.03) to GBX 1,450 ($18.95) and gave the stock a hold rating in a research note on Thursday, November 21st. Liberum Capital reaffirmed a hold rating and set a GBX 1,100 ($14.37) price target on shares of easyJet in a report on Tuesday, November 19th. Berenberg Bank cut easyJet to a hold rating and increased their price objective for the company from GBX 1,260 ($16.46) to GBX 1,410 ($18.42) in a research report on Tuesday, November 26th. Finally, Societe Generale lifted their price objective on easyJet from GBX 1,000 ($13.07) to GBX 1,280 ($16.73) and gave the stock a sell rating in a report on Friday, November 29th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 1,267.90 ($16.57).

LON:EZJ opened at GBX 1,374 ($17.95) on Friday. The stock has a market cap of $5.51 billion and a price-to-earnings ratio of 15.65. The company has a quick ratio of 0.65, a current ratio of 0.79 and a debt-to-equity ratio of 63.95. The company’s 50 day moving average price is GBX 1,293.72 and its 200-day moving average price is GBX 1,068.72. easyJet has a 52 week low of GBX 840 ($10.98) and a 52 week high of GBX 1,395.17 ($18.23).

The firm also recently declared a dividend, which will be paid on Friday, March 20th. Shareholders of record on Thursday, February 27th will be given a GBX 43.90 ($0.57) dividend. The ex-dividend date is Thursday, February 27th. This represents a yield of 3.27%. easyJet’s payout ratio is presently 0.50%.

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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