easyJet’s (LON:EZJ) Equal weight Rating Reaffirmed at Morgan Stanley

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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About easyJet

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.

Analyst Recommendations for easyJet (LON:EZJ)

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