easyJet (LON:EZJ) was upgraded by stock analysts at Morgan Stanley to an “overweight” rating in a report released on Friday. The brokerage presently has a GBX 1,725 ($23.39) price objective on the stock, up from their previous price objective of GBX 1,490 ($20.21). Morgan Stanley’s target price indicates a potential upside of 8.87% from the stock’s current price.
Several other analysts have also recently commented on the stock. Barclays reiterated an “equal weight” rating on shares of easyJet in a research note on Wednesday. UBS Group set a GBX 1,660 ($22.51) price objective on shares of easyJet and gave the company a “buy” rating in a research note on Thursday, January 11th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 1,565 ($21.22) price objective on shares of easyJet in a research note on Friday, January 5th. Beaufort Securities cut shares of easyJet to a “hold” rating in a research note on Friday, January 5th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 1,100 ($14.92) price objective on shares of easyJet in a research note on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. easyJet has an average rating of “Hold” and an average target price of GBX 1,409.04 ($19.11).
Shares of easyJet (EZJ) opened at GBX 1,584.50 ($21.49) on Friday. easyJet has a 52 week low of GBX 906.39 ($12.29) and a 52 week high of GBX 1,587 ($21.52). The company has a market cap of $6,290.00 and a PE ratio of 2,112.67.
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easyJet plc is a United Kingdom-based low-cost airline carrier. The Company operates as a low-cost European point-to-point short-haul airline. The Company operates through its route network segment. The Company operates on over 820 routes across more than 30 countries with its fleet of over 250 Airbus aircrafts.
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