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

easyJet (LON:EZJ) has been assigned a GBX 1,683 ($21.99) price target by equities research analysts at Credit Suisse Group in a report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Credit Suisse Group’s target price suggests a potential upside of 37.05% from the stock’s current price.

Several other analysts have also weighed in on EZJ. Sanford C. Bernstein set a GBX 1,550 ($20.25) target price on easyJet and gave the company a “neutral” rating in a report on Thursday, July 12th. UBS Group set a GBX 1,900 ($24.83) price objective on easyJet and gave the company a “neutral” rating in a research note on Thursday, July 12th. Liberum Capital reaffirmed a “hold” rating on shares of easyJet in a research note on Wednesday, July 18th. Royal Bank of Canada set a GBX 1,900 ($24.83) price objective on easyJet and gave the company a “buy” rating in a research note on Wednesday, July 18th. Finally, Kepler Capital Markets increased their price objective on easyJet from GBX 1,831 ($23.93) to GBX 1,993 ($26.04) and gave the company a “buy” rating in a research note on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 1,635.69 ($21.37).

easyJet stock opened at GBX 1,228 ($16.05) on Tuesday. easyJet has a fifty-two week low of GBX 977.38 ($12.77) and a fifty-two week high of GBX 1,698.69 ($22.20).

In related news, insider Kyla Mullins sold 1,629 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of GBX 1,573 ($20.55), for a total transaction of £25,624.17 ($33,482.52). Insiders have purchased 32 shares of company stock worth $44,480 over the last quarter.

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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