Is it irrelevant, or will the Upgrade make easyJet share price attractive?

• Numis has upgraded easyJet to a Buy, with a target price at 1566p
• Consensus: 13 Buys, 11 Holds, 4 Sells; Average target: 1430p (Source: AlphaTerminal)
• Current share price is 1289p (at time of writing)
• Will the shares turn back, or will the upgrade push the shares towards 1800p?
• Shares -28.5% from 2018 highs; +25.5% from 2018 lows; +16.8% year-to date
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading easyJet – An Example

Let’s say you think that easyJet shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of easyJet using a CFD, at the current price of 1289p. To do this, you need £2,000.

For the purpose of this example, let’s assume the easyJet share price rises to 1430p (+10.9%). Your profit would be £1090, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. easyJet shares fall 3% and hit your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.