easyJet plc’s (EZJ) “Buy” Rating Reiterated at Beaufort Securities

Beaufort Securities reissued their buy rating on shares of easyJet plc (LON:EZJ) in a research note released on Friday.

A number of other brokerages also recently weighed in on EZJ. Citigroup Inc. cut their price target on shares of easyJet plc from GBX 1,800 ($22.28) to GBX 1,600 ($19.80) and set a buy rating for the company in a report on Monday, June 27th. JPMorgan Chase & Co. downgraded easyJet plc to a neutral rating and cut their price objective for the stock from GBX 1,900 ($23.51) to GBX 1,150 ($14.23) in a report on Wednesday, July 20th. Goodbody restated a hold rating on shares of easyJet plc in a report on Tuesday, September 6th. Credit Suisse Group AG cut their price objective on easyJet plc from GBX 1,109 ($13.73) to GBX 966 ($11.96) and set a neutral rating on the stock in a report on Thursday, October 6th. Finally, Societe Generale restated a hold rating and set a GBX 1,150 ($14.23) price objective on shares of easyJet plc in a report on Thursday, October 6th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. easyJet plc has an average rating of Hold and an average price target of GBX 1,355.54 ($16.78).

Analyst Recommendations for easyJet plc (LON:EZJ)

easyJet plc (LON:EZJ) opened at 897.50 on Friday. The firm’s 50-day moving average is GBX 1,058.73 and its 200-day moving average is GBX 1,251.88. easyJet plc has a 12 month low of GBX 851.00 and a 12 month high of GBX 1,809.00. The firm’s market capitalization is GBX 3.54 billion.

In other easyJet plc news, insider Brocklesby,Chris sold 2,294 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of GBX 1,193 ($14.76), for a total transaction of £27,367.42 ($33,870.57). Also, insider Bierwirth,Andreas acquired 1,480 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were bought at an average price of GBX 1,004 ($12.43) per share, with a total value of £14,859.20 ($18,390.10).

About easyJet plc

easyJet plc is a United Kingdom-based short-haul airline. The Company operates in the short-haul European aviation market. The Company operates through the route network segment. The Company operates approximately 600 routes across over 30 countries with its fleet consisting of approximately 200 Airbus aircraft.

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