easyJet (EZJ) Earns “Hold” Rating from HSBC

HSBC reissued their hold rating on shares of easyJet (LON:EZJ) in a research note released on Wednesday morning, Borsen Zeitung reports. HSBC currently has a GBX 1,100 ($14.37) price target on the stock.

Several other equities analysts have also issued reports on the company. Commerzbank decreased their price target on easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a hold rating on the stock in a research note on Wednesday. Barclays decreased their price target on easyJet from GBX 1,130 ($14.77) to GBX 1,100 ($14.37) and set an underweight rating on the stock in a research note on Tuesday. Oddo Bhf set a GBX 1,170 ($15.29) price target on easyJet and gave the company a neutral rating in a research note on Monday. Oddo Securities lowered easyJet to a neutral rating and decreased their price target for the company from GBX 1,240 ($16.20) to GBX 1,170 ($15.29) in a research note on Monday. Finally, UBS Group set a GBX 1,080 ($14.11) price target on easyJet and gave the company a neutral rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 1,259.64 ($16.46).

Shares of EZJ opened at GBX 903.81 ($11.81) on Wednesday. easyJet has a 52-week low of GBX 962.80 ($12.58) and a 52-week high of GBX 1,808.50 ($23.63). The company has a debt-to-equity ratio of 58.86, a quick ratio of 0.56 and a current ratio of 0.60. The firm has a market capitalization of $3.67 billion and a PE ratio of 18.48.

About easyJet

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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Analyst Recommendations for easyJet (LON:EZJ)

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