easyJet (LON:EZJ) Receives Underweight Rating from Barclays

Barclays restated their underweight rating on shares of easyJet (LON:EZJ) in a research report report published on Monday morning, ThisIsMoney.Co.Uk reports.

Several other research firms have also recently commented on EZJ. UBS Group set a $25.00 target price on shares of Macy’s and gave the stock a hold rating in a research report on Friday, May 17th. HSBC cut shares of to a reduce rating and dropped their target price for the stock from GBX 1,100 ($14.37) to GBX 800 ($10.45) in a research report on Wednesday, June 19th. Oddo Bhf set a GBX 1,170 ($15.29) target price on shares of easyJet and gave the stock a neutral rating in a research report on Monday, May 20th. JPMorgan Chase & Co. raised shares of ROYAL MAIL PLC/ADR from an underweight rating to a neutral rating in a research report on Monday, June 3rd. Finally, Sanford C. Bernstein set a GBX 1,000 ($13.07) target price on shares of easyJet and gave the stock a neutral rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 1,179.14 ($15.41).

easyJet stock opened at GBX 1,067.50 ($13.95) on Monday. easyJet has a 52 week low of GBX 840 ($10.98) and a 52 week high of GBX 1,737 ($22.70). The business’s 50 day moving average price is GBX 934.47. The company has a debt-to-equity ratio of 58.86, a quick ratio of 0.50 and a current ratio of 0.60. The company has a market cap of $4.11 billion and a PE ratio of 21.83.

In related news, insider John Barton purchased 11,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was bought at an average price of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). In the last 90 days, insiders have bought 11,032 shares of company stock valued at $9,952,608.

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.

Further Reading: What is meant by a buy rating?

Analyst Recommendations for easyJet (LON:EZJ)

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