easyJet (LON:EZJ) Price Target Raised to GBX 1,260 at JPMorgan Chase & Co.

easyJet (LON:EZJ) had its target price hoisted by JPMorgan Chase & Co. from GBX 1,060 ($13.85) to GBX 1,260 ($16.46) in a research note released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on EZJ. Deutsche Bank boosted their target price on shares of easyJet from GBX 1,100 ($14.37) to GBX 1,150 ($15.03) and gave the stock a hold rating in a research report on Tuesday, October 15th. UBS Group set a GBX 1,100 ($14.37) target price on shares of easyJet and gave the company a neutral rating in a research note on Friday, November 1st. Bank of America set a GBX 1,200 ($15.68) price target on shares of easyJet and gave the company a neutral rating in a report on Tuesday, October 1st. Credit Suisse Group lifted their price target on shares of easyJet from GBX 1,206 ($15.76) to GBX 1,431 ($18.70) and gave the stock an outperform rating in a research note on Tuesday. Finally, Morgan Stanley reiterated an equal weight rating and issued a GBX 1,000 ($13.07) price objective on shares of easyJet in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 1,243.91 ($16.25).

LON:EZJ traded up GBX 3.50 ($0.05) during trading hours on Tuesday, hitting GBX 1,348 ($17.61). The stock had a trading volume of 1,999,467 shares, compared to its average volume of 2,170,000. The company has a market cap of $5.17 billion and a PE ratio of 27.57. The business has a 50 day simple moving average of GBX 1,232.69 and a two-hundred day simple moving average of GBX 1,044.19. easyJet has a 1-year low of GBX 840 ($10.98) and a 1-year high of GBX 1,367.50 ($17.87). The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 58.86.

The business also recently declared a dividend, which will be paid on Friday, March 20th. Investors of record on Thursday, February 27th will be issued a GBX 43.90 ($0.57) dividend. The ex-dividend date is Thursday, February 27th. This represents a yield of 3.27%. easyJet’s dividend payout ratio is presently 1.21%.

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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