Credit Suisse Group Reiterates “Outperform” Rating for easyJet (LON:EZJ)

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Credit Suisse Group restated their outperform rating on shares of easyJet (LON:EZJ) in a research report report published on Tuesday, Borsen Zeitung reports. The firm currently has a GBX 1,206 ($15.76) price target on the stock.

Several other research analysts have also recently issued reports on EZJ. Royal Bank of Canada set a GBX 1,300 ($16.99) target price on shares of easyJet and gave the stock a buy rating in a report on Thursday, July 18th. Kepler Capital Markets set a GBX 820 ($10.71) target price on shares of easyJet and gave the stock a sell rating in a report on Wednesday, September 4th. Morgan Stanley reiterated an equal weight rating on shares of easyJet in a report on Monday, July 15th. Liberum Capital reiterated a hold rating on shares of easyJet in a report on Thursday, July 18th. Finally, Oddo Bhf set a GBX 1,170 ($15.29) target price on shares of easyJet and gave the stock a neutral rating in a report on Monday, May 20th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. easyJet presently has an average rating of Hold and a consensus target price of GBX 1,161.05 ($15.17).

Shares of easyJet stock opened at GBX 1,057.50 ($13.82) on Tuesday. 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 1,439 ($18.80). The firm’s 50-day moving average is GBX 964.15 and its two-hundred day moving average is GBX 1,028.17. The stock has a market cap of $4.20 billion and a price-to-earnings ratio of 21.63.

In other news, insider Andrew Findlay purchased 1,279 shares of the stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of GBX 970 ($12.67) per share, for a total transaction of £12,406.30 ($16,211.03). Insiders bought a total of 1,325 shares of company stock worth $1,285,721 over the last 90 days.

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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Analyst Recommendations for easyJet (LON:EZJ)

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