easyJet plc (LON:EZJ) Receives Average Recommendation of “Hold” from Brokerages

easyJet plc (LON:EZJ) has been assigned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 613.

EZJ has been the subject of several recent analyst reports. Citigroup cut their target price on easyJet from GBX 520 to GBX 500 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of easyJet in a research report on Monday, September 22nd. Peel Hunt reiterated a “buy” rating and set a GBX 850 target price on shares of easyJet in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft decreased their target price on easyJet from GBX 600 to GBX 535 and set a “hold” rating on the stock in a research note on Friday, September 19th. Finally, Panmure Gordon upped their price objective on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research note on Tuesday, November 25th.

Insider Buying and Selling at easyJet

In other easyJet news, insider Harald Eisenächer bought 4,000 shares of easyJet stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of GBX 476 per share, with a total value of £19,040. Insiders purchased 4,063 shares of company stock worth $1,933,858 in the last 90 days. Insiders own 15.15% of the company’s stock.

easyJet Stock Up 0.6%

easyJet stock opened at GBX 509.60 on Friday. easyJet has a twelve month low of GBX 401.05 and a twelve month high of GBX 590.60. The company has a 50 day moving average of GBX 486.11 and a 200-day moving average of GBX 493.79. The stock has a market capitalization of £3.83 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49. The company has a quick ratio of 1.09, a current ratio of 1.02 and a debt-to-equity ratio of 110.33.

easyJet (LON:EZJ) last announced its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 earnings per share (EPS) for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. On average, equities research analysts anticipate that easyJet will post 67.3369565 EPS for the current fiscal year.

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.