Morgan Stanley reaffirmed their equal weight rating on shares of easyJet (LON:EZJ) in a report issued on Wednesday, November 22nd. They currently have a GBX 1,230 ($16.55) price objective on the stock.
Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein set a GBX 1,600 ($21.53) price objective on shares of easyJet and gave the company a buy rating in a research note on Wednesday, August 16th. Beaufort Securities reaffirmed a buy rating on shares of easyJet in a research note on Thursday, September 7th. UBS set a GBX 1,465 ($19.72) target price on easyJet and gave the stock a buy rating in a report on Tuesday, September 5th. Finally, reiterated a buy rating and set a GBX 1,600 ($21.53) target price (up previously from GBX 1,550 ($20.86)) on shares of easyJet in a report on Monday, September 4th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 1,375.84 ($18.52).
Shares of easyJet (LON:EZJ) traded up GBX 6.36 ($0.09) during mid-day trading on Wednesday, reaching GBX 1,449 ($19.50). 1,953,593 shares of the company traded hands, compared to its average volume of 2,280,000. easyJet has a 12-month low of GBX 906.39 ($12.20) and a 12-month high of GBX 1,447 ($19.48).
The firm also recently disclosed a dividend, which will be paid on Friday, March 23rd. Investors of record on Thursday, March 1st will be paid a GBX 40.90 ($0.55) dividend. This represents a yield of 3%. The ex-dividend date is Thursday, March 1st.
In related news, insider Johan Lundgren acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of GBX 1,442 ($19.41) per share, with a total value of £288,400 ($388,156.12). Also, insider Andrew Findlay acquired 115 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average cost of GBX 1,407 ($18.94) per share, for a total transaction of £1,618.05 ($2,177.73). Over the last three months, insiders purchased 20,406 shares of company stock valued at $29,368,685.
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easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
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