easyJet (LON:EZJ) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of easyJet (LON:EZJ) to a hold rating in a research report report published on Wednesday, PriceTargets.com reports. Deutsche Bank Aktiengesellschaft currently has GBX 680 ($9.23) price target on the stock, down from their prior price target of GBX 720 ($9.77).

A number of other equities analysts have also recently commented on the company. Barclays reaffirmed an equal weight rating and issued a GBX 705 ($9.57) target price on shares of easyJet in a report on Wednesday, December 1st. Sanford C. Bernstein set a GBX 800 ($10.86) target price on easyJet in a report on Monday, January 10th. Berenberg Bank reissued a buy rating and set a GBX 750 ($10.18) price target on shares of easyJet in a report on Tuesday, January 4th. Liberum Capital reissued a buy rating and set a GBX 680 ($9.23) price target on shares of easyJet in a report on Tuesday, November 30th. Finally, Peel Hunt reissued a buy rating and set a GBX 720 ($9.77) price target on shares of easyJet in a report on Tuesday, November 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, easyJet currently has an average rating of Hold and a consensus price target of GBX 736.08 ($9.99).

Shares of easyJet stock opened at GBX 635.60 ($8.63) on Wednesday. easyJet has a one year low of GBX 457.50 ($6.21) and a one year high of GBX 1,095 ($14.86). The stock’s fifty day moving average is GBX 563.39 and its 200 day moving average is GBX 704.91. The stock has a market cap of £4.82 billion and a P/E ratio of -3.99. The company has a debt-to-equity ratio of 169.72, a quick ratio of 1.40 and a current ratio of 1.56.

In other news, insider Catherine Bradley CBE acquired 3,511 shares of the business’s stock in a transaction dated Wednesday, December 1st. The stock was purchased at an average price of GBX 507 ($6.88) per share, for a total transaction of £17,800.77 ($24,162.85).

easyJet Company Profile

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. It also engages in the trading and leasing of aircrafts, as well as in tour operations; develops building projects; and provides financing services. As of September 30, 2020, the company operated 981 routes and a fleet of 342 aircrafts.

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Analyst Recommendations for easyJet (LON:EZJ)

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