Goldman Sachs Group Raises easyJet (LON:EZJ) Price Target to GBX 1,360

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easyJet (LON:EZJ) had its price objective upped by Goldman Sachs Group to GBX 1,360 ($17.89) in a note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Goldman Sachs Group’s target price would indicate a potential downside of 10.54% from the stock’s previous close.

Other analysts have also issued research reports about the company. UBS Group reissued a “sell” rating and set a GBX 1,240 ($16.31) price objective on shares of easyJet in a report on Thursday, January 9th. Barclays lifted their price objective on easyJet from GBX 1,250 ($16.44) to GBX 1,400 ($18.42) and gave the stock an “equal weight” rating in a report on Monday, January 13th. Berenberg Bank reissued a “hold” rating and set a GBX 1,410 ($18.55) price objective on shares of easyJet in a report on Friday, January 17th. Main First Bank lifted their price objective on easyJet from GBX 950 ($12.50) to GBX 1,400 ($18.42) and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Kepler Capital Markets reissued a “sell” rating and set a GBX 930 ($12.23) price objective on shares of easyJet in a report on Monday, November 25th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,379.81 ($18.15).

Shares of LON:EZJ opened at GBX 1,520.25 ($20.00) on Tuesday. easyJet has a 1-year low of GBX 840 ($11.05) and a 1-year high of GBX 1,557.50 ($20.49). The firm has a market capitalization of $6.03 billion and a PE ratio of 17.31. The business’s 50 day moving average is GBX 1,426.36 and its 200-day moving average is GBX 1,187.85. The company has a current ratio of 0.79, a quick ratio of 0.65 and a debt-to-equity ratio of 63.95.

In related news, insider Andrew Findlay sold 3,890 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of GBX 1,429 ($18.80), for a total transaction of £55,588.10 ($73,122.99). Insiders have purchased a total of 32 shares of company stock valued at $44,271 in the last 90 days.

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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