easyJet (LON:EZJ) had its target price raised by HSBC from GBX 1,450 ($18.95) to GBX 1,500 ($19.60) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. HSBC currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on EZJ. Sanford C. Bernstein raised their target price on easyJet from GBX 1,000 ($13.07) to GBX 1,330 ($17.38) and gave the stock a market perform rating in a report on Wednesday, October 30th. Barclays upgraded easyJet to an equal weight rating and raised their target price for the stock from GBX 1,100 ($14.37) to GBX 1,250 ($16.33) in a report on Wednesday. Liberum Capital restated a hold rating and set a GBX 1,100 ($14.37) target price on shares of easyJet in a report on Tuesday. Deutsche Bank raised their target price on easyJet from GBX 1,100 ($14.37) to GBX 1,150 ($15.03) and gave the stock a hold rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada raised their target price on easyJet from GBX 1,300 ($16.99) to GBX 1,400 ($18.29) and gave the stock an outperform rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. easyJet has a consensus rating of Hold and an average target price of GBX 1,259.82 ($16.46).
EZJ traded down GBX 15.50 ($0.20) during midday trading on Wednesday, reaching GBX 1,332.50 ($17.41). 1,399,426 shares of the company were exchanged, compared to its average volume of 2,170,000. The company has a debt-to-equity ratio of 58.86, a quick ratio of 0.50 and a current ratio of 0.60. easyJet has a one year low of GBX 840 ($10.98) and a one year high of GBX 1,367.50 ($17.87). The stock has a market capitalization of $5.35 billion and a P/E ratio of 27.25. The stock’s 50-day simple moving average is GBX 1,236.65 and its 200 day simple moving average is GBX 1,045.05.
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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