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

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

Several other brokerages also recently commented on EZJ. Berenberg Bank reiterated a hold rating and set a GBX 900 ($11.76) target price on shares of WPP in a report on Friday, July 12th. Barclays set a $330.00 target price on Thermo Fisher Scientific and gave the company a buy rating in a report on Monday, July 15th. Royal Bank of Canada reiterated an outperform rating on shares of in a report on Friday, June 21st. Oddo Bhf set a GBX 1,170 ($15.29) target price on easyJet and gave the company a neutral rating in a report on Monday, May 20th. Finally, Morgan Stanley set a $70.00 price objective on Edison International and gave the stock a hold rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 1,192.95 ($15.59).

Shares of LON:EZJ opened at GBX 1,100 ($14.37) on Thursday. The stock has a market cap of $4.37 billion and a P/E ratio of 22.49. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 58.86. easyJet has a one year low of GBX 840 ($10.98) and a one year high of GBX 1,737 ($22.70). The company’s 50-day moving average is GBX 942.44.

In other easyJet news, insider John Barton acquired 11,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of GBX 902 ($11.79) per share, for a total transaction of £99,220 ($129,648.50). Insiders have acquired a total of 11,032 shares of company stock worth $9,952,608 over the last 90 days.

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.

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