Sanford C. Bernstein Reiterates “GBX 500” Price Target for easyJet (LON:EZJ)

easyJet (LON:EZJ – Get Rating) received a GBX 500 ($6.19) target price from equities research analysts at Sanford C. Bernstein in a research note issued on Wednesday, Borsen Zeitung reports. Sanford C. Bernstein’s target price indicates a potential downside of 2.50% from the stock’s previous close.

A number of other brokerages have also issued reports on EZJ. Liberum Capital boosted their target price on easyJet from GBX 430 ($5.32) to GBX 560 ($6.93) and gave the stock a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a GBX 410 ($5.08) price objective on easyJet in a report on Tuesday. The Goldman Sachs Group set a GBX 450 ($5.57) target price on shares of easyJet in a research report on Friday, January 6th. UBS Group set a GBX 600 ($7.43) price target on shares of easyJet in a research report on Friday, January 13th. Finally, Barclays reiterated an “overweight” rating and set a GBX 250 ($3.10) price objective on shares of easyJet in a research report on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 524.92 ($6.50).

easyJet Price Performance

easyJet stock traded up GBX 44.80 ($0.55) during mid-day trading on Wednesday, hitting GBX 512.80 ($6.35). The company’s stock had a trading volume of 14,016,829 shares, compared to its average volume of 4,885,393. The stock has a market capitalization of £3.89 billion and a P/E ratio of -4.78. easyJet has a twelve month low of GBX 276.87 ($3.43) and a twelve month high of GBX 729.20 ($9.03). The stock’s fifty day moving average price is GBX 382.01 and its two-hundred day moving average price is GBX 365.35. The company has a quick ratio of 1.09, a current ratio of 1.34 and a debt-to-equity ratio of 170.15.

Insider Transactions at easyJet

In other news, insider Ryanne van der Eijk bought 10,192 shares of the stock in a transaction on Friday, December 2nd. The shares were purchased at an average price of GBX 389 ($4.82) per share, for a total transaction of £39,646.88 ($49,086.15). Over the last ninety days, insiders have purchased 10,310 shares of company stock valued at $4,009,880.

easyJet Company Profile

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easyJet plc operates as a low-cost airline carrier in Europe. It also engages in the sale of holiday packages; aircraft trading and leasing; development of building projects; financing and insurance business; and tour operator activities. As of September 30, 2022, it operated 320 aircrafts, 988 routes, and 153 airports.