easyJet (LON:EZJ) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of easyJet (LON:EZJ) to a hold rating in a report released on Wednesday, Analyst Ratings Network reports. Deutsche Bank Aktiengesellschaft currently has GBX 680 ($9.23) target price on the stock, down from their previous target price of GBX 720 ($9.77).

A number of other equities research analysts have also issued reports on the stock. Barclays reiterated an equal weight rating and set a GBX 705 ($9.57) target price on shares of easyJet in a report on Wednesday, December 1st. Kepler Capital Markets set a GBX 460 ($6.24) target price on shares of easyJet in a report on Tuesday, December 7th. Credit Suisse Group set a GBX 709 ($9.62) target price on shares of easyJet in a report on Tuesday, November 30th. Peel Hunt reiterated a buy rating and set a GBX 720 ($9.77) target price on shares of easyJet in a report on Tuesday, November 30th. Finally, Berenberg Bank reiterated a buy rating and set a GBX 750 ($10.18) target price on shares of easyJet in a report on Tuesday, January 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of GBX 736.08 ($9.99).

LON:EZJ opened at GBX 635.60 ($8.63) on Wednesday. The company has a debt-to-equity ratio of 169.72, a quick ratio of 1.40 and a current ratio of 1.56. The stock has a market capitalization of £4.82 billion and a P/E ratio of -3.99. The company has a 50 day moving average price of GBX 563.39 and a 200 day moving average price of GBX 704.91. easyJet has a fifty-two week low of GBX 457.50 ($6.21) and a fifty-two week high of GBX 1,095 ($14.86).

In other easyJet news, insider Catherine Bradley CBE acquired 3,511 shares of the stock in a transaction on Wednesday, December 1st. The shares were bought at an average cost of GBX 507 ($6.88) per share, with a total value of £17,800.77 ($24,162.85).

About easyJet

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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Analyst Recommendations for easyJet (LON:EZJ)

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