Insider Buying: easyJet (LON:EZJ) Insider Acquires £147.40 in Stock

easyJet plc (LON:EZJ) insider Kenton Jarvis acquired 22 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average cost of GBX 670 per share, for a total transaction of £147.40.

Kenton Jarvis also recently made the following trade(s):

• On Friday, July 10th, Kenton Jarvis bought 22 shares of easyJet stock. The stock was bought at an average price of GBX 674 per share, with a total value of £148.28.
• On Wednesday, June 10th, Kenton Jarvis bought 31 shares of easyJet stock. The shares were bought at an average cost of GBX 479 per share, with a total value of £148.49.

easyJet Price Performance

Shares of EZJ traded down GBX 1.32 during midday trading on Tuesday, hitting GBX 673.68. 12,942,452 shares of the company traded hands, compared to its average volume of 34,246,188. The stock has a 50-day moving average of GBX 577.96 and a 200-day moving average of GBX 466.26. easyJet plc has a one year low of GBX 332.60 and a one year high of GBX 683.80. The firm has a market cap of £5.04 billion, a P/E ratio of 12.45, a PEG ratio of 0.59 and a beta of 1.72. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

easyJet (LON:EZJ) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) EPS for the quarter. The firm had revenue of GBX 395 million during the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. As a group, sell-side analysts predict that easyJet plc will post 67.3369565 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EZJ shares. UBS Group restated a “buy” rating and set a GBX 635 price target on shares of easyJet in a research report on Monday, May 18th. Royal Bank Of Canada lowered easyJet to a “sector perform” rating and set a GBX 600 price objective for the company. in a research note on Friday. JPMorgan Chase & Co. boosted their target price on easyJet from GBX 360 to GBX 715 and gave the stock a “neutral” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 340 target price on shares of easyJet in a research note on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 630.

easyJet Company Profile

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.