easyJet (LON:EZJ) Price Target Increased to GBX 1,500 by Analysts at HSBC

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.

The firm also recently declared a dividend, which will be paid on Friday, March 20th. Stockholders of record on Thursday, February 27th will be given a dividend of GBX 43.90 ($0.57) per share. This represents a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, February 27th. easyJet’s dividend payout ratio is currently 1.21%.

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.

Featured Article: Why do companies issue convertible shares?

Analyst Recommendations for easyJet (LON:EZJ)

Receive News & Ratings for easyJet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for easyJet and related companies with MarketBeat.com's FREE daily email newsletter.