easyJet (LON:EZJ) Price Target Raised to GBX 1,400 at Main First Bank

easyJet (LON:EZJ) had its price objective raised by Main First Bank from GBX 950 ($12.41) to GBX 1,400 ($18.29) in a research note published on Friday, Stock Target Advisor reports. The brokerage currently has a neutral rating on the stock.

EZJ has been the topic of a number of other research reports. Barclays raised easyJet to an equal weight rating and upped their price target for the company from GBX 1,100 ($14.37) to GBX 1,250 ($16.33) in a research report on Wednesday, November 20th. HSBC upped their price objective on shares of easyJet from GBX 1,450 ($18.95) to GBX 1,500 ($19.60) and gave the company a buy rating in a report on Wednesday, November 20th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 1,546 ($20.20) price objective (up from GBX 1,431 ($18.70)) on shares of easyJet in a report on Friday, November 29th. Deutsche Bank reiterated a neutral rating and set a GBX 1,150 ($15.03) target price on shares of easyJet in a research report on Wednesday, November 20th. Finally, Societe Generale lifted their target price on shares of easyJet from GBX 1,000 ($13.07) to GBX 1,280 ($16.73) and gave the stock a sell rating in a research note on Friday, November 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 1,267.90 ($16.57).

LON:EZJ traded up GBX 28 ($0.37) during trading hours on Friday, reaching GBX 1,388 ($18.14). The stock had a trading volume of 1,035,699 shares, compared to its average volume of 2,170,000. The company has a debt-to-equity ratio of 63.95, a quick ratio of 0.65 and a current ratio of 0.79. The stock has a 50 day simple moving average of GBX 1,293.72 and a 200 day simple moving average of GBX 1,068.72. easyJet has a 12-month low of GBX 840 ($10.98) and a 12-month high of GBX 1,395.17 ($18.23). The stock has a market cap of $5.51 billion and a P/E ratio of 15.81.

The company also recently declared a dividend, which will be paid on Friday, March 20th. Stockholders of record on Thursday, February 27th will be issued a GBX 43.90 ($0.57) dividend. This represents a dividend yield of 3.27%. The ex-dividend date is Thursday, February 27th. easyJet’s payout ratio is 0.50%.

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: Should you buy a closed-end mutual fund?

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.