easyJet PLC

EasyJet and its subsidiaries are a low-cost airline carrier operating principally in Europe. Co. operates in the European short-haul aviation market. As of Sept 30 2017, Co. operated 862 routes. Co.'s total fleet as at Sept 30 2017, comprised 279 aircraft, split between 156-seat Airbus A319s, 180-seat A320s, 186-seat A320s and 186-seat A320neos. Co.'s main markets are the U.K., France, Italy, Switzerland, Germany, Netherlands, Portugal and Spain.
  • TickerEZJ
  • ISINGB00B7KR2P84
  • ExchangeLondon Stock Exchange
  • SectorTravel & Leisure
  • CountryUnited Kingdom

Analysts

1 director bought

A director at EasyJet bought 7,500 shares at 1,181p and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Capacity discipline masked by economic and political uncertainty

Our bottom-up analysis of capacity for the 2019 summer season points to a disciplined approach to the medium-haul and long-haul segments from/to Europe which will not be sufficient to mask pricing pressure (undermined by Brexit). We have upgraded our recommendation on Lufthansa to Buy to play consolidation in the German market, self-help and the valuation. In contrast, we have downgraded IAG to Reduce on the Brexit theme. - >Better capacity discipline expected over the su...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Discipline capacitaire masquée par l’incertitude économique et politique

Notre analyse bottom-up des capacités sur la saison estivale 2019 fait ressortir une discipline sur le moyen et long-courrier de/vers l’Europe qui ne sera pas suffisante pour masquer la pression tarifaire (plombée notamment par le Brexit). Nous relevons notre opinion à l'Achat sur Lufthansa pour jouer la consolidation en Allemagne, le self-help et la valorisation, nous dégradons IAG à Alléger sur la thématique Brexit. - >Une meilleure discipline capacitaire attendue sur l...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/19/2019

In spite of a thorough restructuring programme (operational and financial), Veolia’s valuation multiples remain close to their average historic levels. The group has significantly reduced its areas of industrial risk and is benefiting from its revamped commercial positioning. Optimisation is set to continue in the medium term and should drive performance, along with bolt-on acquisitions. Whilst there is a risk of macroeconomic slowdown, this is yet to be reflected in volumes. The valu...

Charles Lepetitpas ...
  • Jerôme Bodin
  • Nicolas David
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/19/2019

...

easyJet Plc: Update post Q3 fiscal 2018 trading statement - well positioned in the Baa1 rating

easyJet is solidly positioned within its Baa1 rating due to our expectations of growing profitability and despite cash flow pressures on account of aircraft investments

easyJet Plc: Key Facts and Statistics - FYE September 2017

A summary company profile, detailing easyJet Plc’s business operations and financial highlights.

easyJet Plc: Update post Q3 fiscal 2017 Trading Statement

CORPORATES CREDIT OPINION 8 August 2017 Update RATINGS easyJet Plc Domicile United Kingdom Long Term Rating Baa1 Type LT Issuer Rating - Fgn Curr Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Sven Reinke 44-20-7772-1057

easyJet Plc: Q3 Trading Update With Higher Profit Guidance For Fiscal 2017 Positions easyJet More Solidly In The Baa1 Rating

CORPORATES ISSUER COMMENT 21 July 2017 Contacts Sven Reinke 44-20-7772-1057 Senior Vice President [email protected] Mario Santangelo 44-20-7772-8623 Associate Managing Director [email protected] easyJet Plc Q3 Trading Update With Higher Profit Guidance For Fiscal 2017 Positions easyJet More Solidly In The Baa1 Rating On 20 July 2017, easyJet plc (Baa1 stable) – one of Europe's

easyJet Plc: Weaker H1 Fiscal 2017 Results In Line With Expectations; Improving Earnings In H2 Would Ease Negative Rating Pressure

CORPORATES ISSUER COMMENT 17 May 2017 Contacts Sven Reinke 44-20-7772-1057 Senior Vice President [email protected] Mario Santangelo 44-20-7772-8623 Associate Managing Director [email protected] easyJet Plc Weaker H1 Fiscal 2017 Results In Line With Expectations; Improving Earnings In H2 Would Ease Negative Rating Pressure On 16 May 2017, easyJet plc (Baa1 stable) – one of Europe

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Capacity discipline masked by economic and political uncertainty

Our bottom-up analysis of capacity for the 2019 summer season points to a disciplined approach to the medium-haul and long-haul segments from/to Europe which will not be sufficient to mask pricing pressure (undermined by Brexit). We have upgraded our recommendation on Lufthansa to Buy to play consolidation in the German market, self-help and the valuation. In contrast, we have downgraded IAG to Reduce on the Brexit theme. - >Better capacity discipline expected over the su...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Discipline capacitaire masquée par l’incertitude économique et politique

Notre analyse bottom-up des capacités sur la saison estivale 2019 fait ressortir une discipline sur le moyen et long-courrier de/vers l’Europe qui ne sera pas suffisante pour masquer la pression tarifaire (plombée notamment par le Brexit). Nous relevons notre opinion à l'Achat sur Lufthansa pour jouer la consolidation en Allemagne, le self-help et la valorisation, nous dégradons IAG à Alléger sur la thématique Brexit. - >Une meilleure discipline capacitaire attendue sur l...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Capacity discipline masked by economic and political uncertainty

Our bottom-up analysis of capacity for the 2019 summer season points to a disciplined approach to the medium-haul and long-haul segments from/to Europe which will not be sufficient to mask pricing pressure (undermined by Brexit). We have upgraded our recommendation on Lufthansa to Buy to play consolidation in the German market, self-help and the valuation. In contrast, we have downgraded IAG to Reduce on the Brexit theme. - >Better capacity discipline expected over the su...

Olfa Taamallah ...
  • Yan Derocles

ODDO : Discipline capacitaire masquée par l’incertitude économique et politique

Notre analyse bottom-up des capacités sur la saison estivale 2019 fait ressortir une discipline sur le moyen et long-courrier de/vers l’Europe qui ne sera pas suffisante pour masquer la pression tarifaire (plombée notamment par le Brexit). Nous relevons notre opinion à l'Achat sur Lufthansa pour jouer la consolidation en Allemagne, le self-help et la valorisation, nous dégradons IAG à Alléger sur la thématique Brexit. - >Une meilleure discipline capacitaire attendue sur l...

Olfa Taamallah ...
  • Yan Derocles

EasyJet : Confidence on the summer season despite stronger competitive pressure in Berlin

>A reassuring publication following Ryanair’s profit warning - EasyJet yesterday published a trading update for its Q1 2018-19 (closing 31 December 2018) in line with the consensus expectations and posting sales of £ 1.296bn (+13.7% y-o-y) integrating: i/ a 4.2% decline in unit revenues at constant forex (Oddo BHF: -4%) incl. a -2.9% dilutive effect linked to Tegel, a -0.6% IFR15 effect and a negative base effect (linked to Monarch and Ryanair in Q1 2017-18) of -2.2% ...

1 director bought

A director at EasyJet bought 7,500 shares at 1,181p and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/19/2019

In spite of a thorough restructuring programme (operational and financial), Veolia’s valuation multiples remain close to their average historic levels. The group has significantly reduced its areas of industrial risk and is benefiting from its revamped commercial positioning. Optimisation is set to continue in the medium term and should drive performance, along with bolt-on acquisitions. Whilst there is a risk of macroeconomic slowdown, this is yet to be reflected in volumes. The valu...

Charles Lepetitpas ...
  • Jerôme Bodin
  • Nicolas David
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/19/2019

...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/02/2019

En dépit d’une restructuration en profondeur (opérationnelle et financière), les multiples de valorisation de Veolia demeurent proches des niveaux historiques moyens. Le groupe a significativement réduit ses zones de risques industriels et bénéficie de son positionnement commercial renouvelé. L’optimisation va se poursuivre sur le moyen terme et alimenter la performance, avec une croissance externe ciblée. Si un risque de ralentissement macroéconomique existe, il ne se reflète pas enc...

Charles Lepetitpas ...
  • Jerôme Bodin
  • Nicolas David
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 19/02/2019

...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • François Maury
  • Georges Dieng
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/23/2019

...

With a more favourable environment, EASYJET PLC. improves to Slightly Positive

EASYJET PLC. (GB), a company active in the Airlines industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 18, 2019, the closing price was GBp 1,172.00 and its potential was estimated at GBp 1,311.11.

easyJet

easyJet

easyJet

easyJet

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

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EasyJet PLC – Proxinvest Corporate Governance Rating ® : A

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

EasyJet - February 07th, 2019

Item 2: Approve the Remuneration Report The structure is weighted more towards rewarding long-term performance, the payout is adequately aligned with performance, and the quantum is not excessive.

Jérôme VINERIER

Analyse court terme - EASYJET : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 1 313,40 p prochainement. Le prochain objectif est à 1 108,33 p, puis 989,70 p. Le franchissement de 1 435,50 p remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - EASYJET : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at 1,313.40 p. The next target is at 1,108.33 p, then 989.70 p. Passing 1,435.50 p would question the continuation of the fall.

Jérôme VINERIER

Short term view - EASYJET : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at 1,108.33 p. The background trend would be questioned should prices rise above 1,435.50 p.

Jérôme VINERIER

Analyse court terme - EASYJET : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 1 108,33 p. La tendance de fond serait remise en cause en cas de franchissement de 1 435,50 p.

Jérôme VINERIER

Medium term view - EASYJET : The movement goes on.

The trend is bearish. The movement goes on. The next target is at 1,114.00 p, then 785.00 p. Passing 1,526.00 p would question the continuation of the fall.

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