easyJet (LON:EZJ) Given a GBX 1,150 Price Target by Berenberg Bank Analysts

easyJet (LON:EZJ) has been given a GBX 1,150 ($15.03) price target by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 4.55% from the company’s current price.

EZJ has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered shares of News from a “neutral” rating to an “underweight” rating in a research note on Thursday. Barclays set a $330.00 target price on shares of Thermo Fisher Scientific and gave the company a “buy” rating in a research note on Monday, July 15th. Sanford C. Bernstein set a €7.00 ($8.14) target price on shares of Air France KLM and gave the company a “sell” rating in a research note on Friday. Liberum Capital lifted their target price on shares of Sigmaroc from GBX 59 ($0.77) to GBX 63 ($0.82) and gave the company a “buy” rating in a research note on Thursday. Finally, Commerzbank cut their target price on shares of easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a “hold” rating on the stock in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,192.95 ($15.59).

Shares of EZJ opened at GBX 1,100 ($14.37) on Friday. The company’s 50-day moving average is GBX 942.44. The company has a market cap of $4.37 billion and a price-to-earnings ratio of 22.49. The company has a debt-to-equity ratio of 58.86, a current ratio of 0.60 and a quick ratio of 0.50. easyJet has a 1-year low of GBX 840 ($10.98) and a 1-year high of GBX 1,737 ($22.70).

In other easyJet news, insider John Barton acquired 11,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of GBX 902 ($11.79) per share, with a total value of £99,220 ($129,648.50). Insiders have purchased 11,032 shares of company stock worth $9,952,608 in the last three months.

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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