Sanford C. Bernstein Reiterates GBX 1,000 Price Target for easyJet (LON:EZJ)

Sanford C. Bernstein set a GBX 1,000 ($13.07) price target on easyJet (LON:EZJ) in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently commented on EZJ. Credit Suisse Group set a $180.00 target price on shares of Accenture and gave the stock a hold rating in a research note on Friday, June 28th. UBS Group reaffirmed a neutral rating on shares of CAIXABANK/ADR in a research note on Thursday. Commerzbank decreased their target price on shares of 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, May 22nd. HSBC downgraded shares of to a reduce rating and decreased their target price for the stock from GBX 1,100 ($14.37) to GBX 800 ($10.45) in a research note on Wednesday, June 19th. Finally, Deutsche Bank lifted their target price on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the 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 Friday. 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 52 week low of GBX 840 ($10.98) and a 52 week high of GBX 1,737 ($22.70). The business has a fifty day moving average price of GBX 942.44. The stock has a market capitalization of $4.37 billion and a P/E ratio of 22.49.

In related news, insider John Barton acquired 11,000 shares of easyJet stock in a transaction on Thursday, May 23rd. The shares were acquired at an average cost of GBX 902 ($11.79) per share, with a total value of £99,220 ($129,648.50). Over the last three months, insiders have acquired 11,032 shares of company stock worth $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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