easyJet (LON:EZJ) receives GBX 855 price target in Goldman Sachs group
easyJet (LON:EZJ) was given a target price of 855 GBX ($11.56) by research analysts Goldman Sachs Group in a research report released on Friday, Borsen Zeitung reports. Goldman Sachs Group’s price target suggests a potential upside of 21.10% from the company’s previous close.
A number of other equity research analysts also weighed in on the stock. Citigroup restated a “sell” rating on easyJet shares in a report on Tuesday, January 4. UBS Group set a target price of 815 GBX ($11.02) on easyJet shares in a Tuesday, February 1 report. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on easyJet shares in a report on Tuesday. Kepler Capital Markets set a price target of 460 GBX ($6.22) on shares of easyJet in a research note on Tuesday, December 7. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 750 ($10.14) price target on easyJet shares in a research note on Friday, January 28. Two investment analysts have assigned the stock a sell rating, four have assigned a hold rating and eight have assigned the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of 734.50 GBX ($9.93).
Shares of EZJ fell 21.40 GBX ($0.29) on Friday, hitting 706 GBX ($9.55). The company’s shares had a trading volume of 5,006,200 shares, compared to its average volume of 5,532,032. The company has a current ratio of 1.56, a quick ratio of 1.40 and a debt of 169.72. easyJet has a twelve month minimum of 457.50 GBX ($6.19) and a twelve month maximum of 1,095 GBX ($14.81). The stock has a market capitalization of £5.35 billion and a PE ratio of -4.43. The company has a fifty-day moving average of 594.86 GBX and a 200-day moving average of 664.90 GBX.
In related news, insider Catherine Bradley CBE bought 3,511 shares of easyJet in a trade dated Wednesday, December 1. The share was purchased at an average cost of 507 GBX ($6.86) per share, for a total value of £17,800.77 ($24,071.36). Insiders have purchased a total of 3,560 shares of the company valued at $1,810,184 over the past three months.
easyJet company profile
easyJet plc, together with its subsidiaries, operates as an air carrier primarily in Europe. It is also involved in the trading and leasing of aircraft, as well as tour operators; develops construction projects; and provides financing services. As of September 30, 2020, the company operated 981 routes and a fleet of 342 aircraft.
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