Societe Generale Lowers easyJet (EZJ) Price Target to GBX 1,270

easyJet (LON:EZJ) had its price objective decreased by Societe Generale from GBX 1,800 ($23.52) to GBX 1,270 ($16.59) in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Societe Generale’s price target would suggest a potential downside of 1.55% from the company’s previous close.

EZJ has been the subject of a number of other research reports. HSBC reissued a “buy” rating and issued a GBX 1,600 ($20.91) price objective on shares of easyJet in a report on Thursday, October 18th. Liberum Capital reissued a “hold” rating on shares of easyJet in a report on Tuesday, November 6th. Berenberg Bank boosted their price objective on shares of easyJet from GBX 1,010 ($13.20) to GBX 1,040 ($13.59) and gave the company a “sell” rating in a report on Wednesday, January 23rd. Citigroup cut their price objective on shares of easyJet from GBX 1,600 ($20.91) to GBX 1,500 ($19.60) and set a “buy” rating for the company in a report on Wednesday, January 2nd. Finally, Canaccord Genuity cut their price objective on shares of easyJet from GBX 1,780 ($23.26) to GBX 1,180 ($15.42) and set a “hold” rating for the company in a report on Thursday, November 22nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 1,414.48 ($18.48).

LON EZJ opened at GBX 1,290 ($16.86) on Tuesday. easyJet has a 12-month low of GBX 977.38 ($12.77) and a 12-month high of GBX 1,698.69 ($22.20).

In other news, insider Andrew Findlay purchased 13,000 shares of the business’s stock in a transaction dated Thursday, November 22nd. The stock was bought at an average price of GBX 1,134 ($14.82) per share, with a total value of £147,420 ($192,630.34). In the last ninety days, insiders have bought 13,038 shares of company stock valued at $14,786,808.

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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