easyJet (EZJ) Upgraded by Morgan Stanley to Overweight

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.

In related news, insider Andrew Findlay bought 113 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of GBX 1,435 ($19.46) per share, for a total transaction of £1,621.55 ($2,199.01). Also, insider Johan Lundgren bought 20,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average price of GBX 1,442 ($19.56) per share, with a total value of £288,400 ($391,103.88). Over the last 90 days, insiders purchased 20,371 shares of company stock valued at $29,353,602.

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About easyJet

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.

Analyst Recommendations for easyJet (LON:EZJ)

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