easyJet plc (LON:EZJ) Insider Stephen Hester Buys 73,000 Shares

easyJet plc (LON:EZJ) insider Stephen Hester purchased 73,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 28th. The shares were acquired at an average price of GBX 690 ($9.01) per share, for a total transaction of £503,700 ($658,087.27).

EZJ traded down GBX 19.38 ($0.25) during trading on Tuesday, hitting GBX 690.02 ($9.02). The company’s stock had a trading volume of 7,044,840 shares, compared to its average volume of 3,750,975. easyJet plc has a twelve month low of GBX 457.80 ($5.98) and a twelve month high of GBX 1,095 ($14.31). The firm has a market capitalization of £3.15 billion and a P/E ratio of -2.29. The stock’s fifty day moving average price is GBX 773.62 and its 200-day moving average price is GBX 1,593.93. The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 274.97.

EZJ has been the topic of a number of analyst reports. Credit Suisse Group set a GBX 1,200 ($15.68) target price on shares of easyJet in a research report on Tuesday, August 31st. Barclays reduced their target price on shares of easyJet from GBX 940 ($12.28) to GBX 685 ($8.95) and set an “equal weight” rating for the company in a research note on Friday, September 10th. Sanford C. Bernstein set a GBX 800 ($10.45) target price on easyJet in a research note on Wednesday, September 15th. Kepler Capital Markets restated a “sell” rating and issued a GBX 719 ($9.39) target price on shares of easyJet in a research note on Monday, June 21st. Finally, Peel Hunt restated a “buy” rating and set a GBX 900 ($11.76) target price on shares of easyJet in a research note on Thursday, August 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, easyJet currently has a consensus rating of “Hold” and a consensus target price of GBX 848.83 ($11.09).

easyJet Company Profile

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. It also engages in the trading and leasing of aircrafts, as well as in tour operations; develops building projects; and provides financing services. As of September 30, 2020, the company operated 981 routes and a fleet of 342 aircrafts.

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