easyJet (EZJ) Given a GBX 1,683 Price Target at Credit Suisse Group

easyJet (LON:EZJ) has been given a GBX 1,683 ($21.99) target price by research analysts at Credit Suisse Group in a research note issued to investors on Wednesday, October 31st. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 35.95% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. HSBC reiterated a “buy” rating and set a GBX 1,600 ($20.91) price target on shares of easyJet in a report on Thursday, October 18th. Citigroup upgraded shares of easyJet to a “buy” rating and set a GBX 1,800 ($23.52) price target for the company in a report on Friday, August 31st. Berenberg Bank assumed coverage on shares of easyJet in a report on Tuesday, September 18th. They set a “sell” rating and a GBX 1,310 ($17.12) price target for the company. Deutsche Bank restated a “hold” rating and issued a GBX 1,440 ($18.82) target price (down from GBX 1,915 ($25.02)) on shares of easyJet in a report on Wednesday, October 24th. Finally, Liberum Capital restated a “hold” rating on shares of easyJet in a report on Friday, September 28th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. easyJet has a consensus rating of “Hold” and a consensus price target of GBX 1,589.73 ($20.77).

LON:EZJ traded up GBX 31 ($0.41) during mid-day trading on Wednesday, hitting GBX 1,238 ($16.18). 2,903,203 shares of the company’s stock traded hands, compared to its average volume of 2,170,000. easyJet has a 1 year low of GBX 977.38 ($12.77) and a 1 year high of GBX 1,698.69 ($22.20).

In other news, insider Andrew Findlay bought 13,000 shares of easyJet stock in a transaction dated Thursday, November 22nd. The shares were acquired at an average cost of GBX 1,134 ($14.82) per share, with a total value of £147,420 ($192,630.34). Over the last three months, insiders have bought 13,036 shares of company stock worth $14,788,265.

About easyJet

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2017, it operated 862 routes and a fleet of 279 aircraft. The company also engages in the trading and leasing of aircrafts; 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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