Bernstein keeps GBp 660.00 target for easyJet stock

Published on 10/06/2026 at 11:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

easyJet stock trades at EUR 7.98 on October 6, 2026, plus 0.13 percent versus EUR 7.97. Apollo offers GBP 7.15 per share in cash.

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Bernstein Research kept its Market-Perform rating and GBp 660.00 price target for easyJet on October 6, 2026, according to finanzen.ch. The recommendation leaves the analyst target below the GBp 715.00 cash offer agreed with Apollo.

Fuel costs challenge the offer

Bernstein analyst Alex Irving expects European airlines to deliver mixed third-quarter reporting. The analysis says stronger North Atlantic demand benefits from a lower prior-year comparison, while higher jet fuel prices create pressure for results in the following year.

The takeover remains the central valuation reference. Under the terms described by easyJet, Apollo-backed Eagle Bidco would pay GBP 7.15 per share in cash and value the ordinary share capital at GBP 5.7 billion.

Apollo deal sets a clear benchmark

The recommended transaction requires shareholder approval at a Court Meeting and a General Meeting, with each resolution requiring 75 percent approval. The Scheme Document is scheduled for publication by October 15, 2026, while completion is expected by the end of the first quarter of 2027, subject to regulatory approvals.

That timetable gives the GBp 660.00 analyst target a different role from the offer price. Bernstein also links the current valuation to the takeover, so operational performance and fuel costs remain relevant even while the cash consideration defines the immediate benchmark.

Stock remains near its yearly high

On the LSE, easyJet's 52-week range was GBp 332.60 to GBp 683.80, and its market capitalization was GBP 5.1 billion on October 6, 2026. The reference quote from Lang & Schwarz was EUR 7.98 in trading on October 6, 2026 at 11:35 a.m. CEST, plus 0.13 percent versus the EUR 7.97 prior close dated October 5, 2026.

The further course of trading is shown by the continuously updated real-time quote of easyJet stock.