Barclays upgraded shares of easyJet (LON:EZJ) to an equal weight rating in a report published on Wednesday, Borsen Zeitung reports. Barclays currently has GBX 1,250 ($16.33) target price on the stock, up from their previous target price of GBX 1,100 ($14.37).
Other research analysts also recently issued research reports about the stock. HSBC increased their price target on shares of easyJet from GBX 1,300 ($16.99) to GBX 1,450 ($18.95) and gave the company a buy rating in a report on Thursday, October 17th. Bank of America set a GBX 1,200 ($15.68) price target on shares of easyJet and gave the company a neutral rating in a report on Tuesday, October 1st. Royal Bank of Canada increased their price target on shares of easyJet from GBX 1,300 ($16.99) to GBX 1,400 ($18.29) and gave the company an outperform rating in a report on Tuesday. Kepler Capital Markets set a GBX 820 ($10.71) price target on shares of easyJet and gave the company a sell rating in a report on Wednesday, September 4th. Finally, Sanford C. Bernstein increased their price target on shares of easyJet from GBX 1,000 ($13.07) to GBX 1,330 ($17.38) and gave the company a market perform rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. easyJet currently has an average rating of Hold and an average price target of GBX 1,259.82 ($16.46).
Shares of LON:EZJ traded down GBX 15.50 ($0.20) during trading on Wednesday, reaching GBX 1,332.50 ($17.41). The company’s stock had a trading volume of 1,399,426 shares, compared to its average volume of 2,170,000. 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 12 month low of GBX 840 ($10.98) and a 12 month high of GBX 1,367.50 ($17.87). The firm’s 50 day simple moving average is GBX 1,236.65 and its two-hundred day simple moving average is GBX 1,045.05. The stock has a market capitalization of $5.35 billion and a PE ratio of 27.25.
The company also recently disclosed a dividend, which will be paid on Friday, March 20th. Investors of record on Thursday, February 27th will be given a GBX 43.90 ($0.57) dividend. This represents a yield of 3.27%. The ex-dividend date is Thursday, February 27th. easyJet’s dividend payout ratio (DPR) is currently 1.21%.
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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