easyJet (EZJ) Given “Neutral” Rating at UBS Group

UBS Group reiterated their neutral rating on shares of easyJet (LON:EZJ) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.

EZJ has been the subject of several other research reports. Royal Bank of Canada reiterated a buy rating on shares of easyJet in a research note on Tuesday, February 19th. Deutsche Bank restated a hold rating and set a GBX 1,485 ($19.40) target price (up from GBX 1,440 ($18.82)) on shares of easyJet in a report on Friday, January 11th. Berenberg Bank raised their target price on shares of easyJet from GBX 1,010 ($13.20) to GBX 1,040 ($13.59) and gave the company a sell rating in a report on Wednesday, January 23rd. Morgan Stanley downgraded shares of easyJet to an equal weight rating and dropped their target price for the company from GBX 1,600 ($20.91) to GBX 1,290 ($16.86) in a report on Tuesday, January 22nd. Finally, Credit Suisse Group set a GBX 1,683 ($21.99) target price on shares of easyJet and gave the company a buy rating in a report on Monday, January 14th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,279.35 ($16.72).

Shares of LON EZJ opened at GBX 1,016.50 ($13.28) on Friday. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 29.98. easyJet has a 52 week low of GBX 997.40 ($13.03) and a 52 week high of GBX 1,808.50 ($23.63). The stock has a market capitalization of $4.02 billion and a P/E ratio of 11.27.

About easyJet

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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