Sanford C. Bernstein Reiterates “GBX 800” Price Target for easyJet (LON:EZJ)

Sanford C. Bernstein set a GBX 800 ($9.86) price objective on easyJet (LON:EZJ – Get Rating) in a research report sent to investors on Thursday, Borsen Zeitung reports.

EZJ has been the subject of several other reports. Citigroup restated a sell rating and set a GBX 425 ($5.24) target price on shares of easyJet in a research report on Tuesday, March 29th. Barclays restated an equal weight rating and set a GBX 700 ($8.63) target price on shares of easyJet in a research report on Tuesday, May 3rd. The Goldman Sachs Group set a GBX 825 ($10.17) target price on easyJet in a research report on Tuesday, April 12th. UBS Group set a GBX 815 ($10.05) target price on easyJet in a research report on Thursday. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 750 ($9.25) price objective on shares of easyJet in a report on Tuesday, April 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of GBX 697.27 ($8.60).

easyJet stock opened at GBX 526 ($6.48) on Thursday. easyJet has a 52 week low of GBX 417.40 ($5.15) and a 52 week high of GBX 1,024 ($12.62). The business has a 50-day simple moving average of GBX 536.33 and a 200 day simple moving average of GBX 568.56. The company has a quick ratio of 1.40, a current ratio of 1.56 and a debt-to-equity ratio of 169.72. The stock has a market cap of £3.99 billion and a price-to-earnings ratio of -3.25.

In related news, insider Stephen Hester bought 20,000 shares of the stock in a transaction dated Friday, March 4th. The stock was bought at an average price of GBX 480 ($5.92) per share, with a total value of £96,000 ($118,343.20). Also, insider Julie Southern bought 1,517 shares of the stock in a transaction dated Tuesday, February 22nd. The stock was bought at an average cost of GBX 656 ($8.09) per share, with a total value of £9,951.52 ($12,267.65). In the last three months, insiders bought 21,577 shares of company stock valued at $10,625,130.

About easyJet (Get Rating)

easyJet plc operates as an airline carrier primarily in Europe. It also leases aircrafts, as well as operates tours; and provides financing services. As of September 31, 2021, the company operated 927 routes with approximately 308 aircrafts in 34 countries; and 153 airports. It sells seats through its own website www.easyjet.com and its ‘easyJet Worldwide' platform, its mobile application, global distribution systems, corporate online booking tools, content aggregators, and tour operator.

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