easyJet (LON:EZJ) Price Target Raised to GBX 1,060 at JPMorgan Chase & Co.

easyJet (LON:EZJ) had its target price hoisted by JPMorgan Chase & Co. from GBX 1,000 ($13.07) to GBX 1,060 ($13.85) in a research report released on Thursday morning, Borsen Zeitung reports. They currently have a neutral rating on the stock.

Several other research firms also recently issued reports on EZJ. Deutsche Bank boosted their price objective on Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a report on Friday, July 12th. Royal Bank of Canada reiterated an outperform rating on shares of in a report on Friday, June 21st. Barclays set a $330.00 target price on Thermo Fisher Scientific and gave the company a buy rating in a report on Monday. Credit Suisse Group set a $180.00 target price on Accenture and gave the company a hold rating in a report on Friday, June 28th. Finally, Morgan Stanley set a $70.00 target price on Edison International and gave the company a hold rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. easyJet presently has an average rating of Hold and a consensus price target of GBX 1,192.95 ($15.59).

LON EZJ traded up GBX 24 ($0.31) on Thursday, hitting GBX 1,100 ($14.37). 2,536,640 shares of the company were exchanged, compared to its average volume of 2,170,000. The company’s 50 day moving average price is GBX 938.23. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 58.86. The company has a market cap of $4.37 billion and a price-to-earnings ratio of 22.49. easyJet has a twelve month low of GBX 840 ($10.98) and a twelve month high of GBX 1,737 ($22.70).

In other news, insider John Barton purchased 11,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of GBX 902 ($11.79) per share, with a total value of £99,220 ($129,648.50). In the last three months, insiders purchased 11,032 shares of company stock valued at $9,952,608.

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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