easyJet (LON:EZJ) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of easyJet plc (LON:EZJ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 496.77 and traded as high as GBX 517.80. easyJet shares last traded at GBX 516, with a volume of 2,670,663 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of easyJet from GBX 600 to GBX 535 and set a “hold” rating for the company in a research note on Friday, September 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of easyJet in a research note on Monday, September 22nd. JPMorgan Chase & Co. cut shares of easyJet to an “underweight” rating and cut their price objective for the stock from GBX 500 to GBX 400 in a research report on Monday, December 1st. Panmure Gordon raised their target price on easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Citigroup dropped their price target on easyJet from GBX 520 to GBX 500 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 613.

easyJet Stock Performance

The firm has a market cap of £3.87 billion, a P/E ratio of 7.98, a PEG ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. The company’s 50-day moving average is GBX 482.48 and its two-hundred day moving average is GBX 496.77.

easyJet (LON:EZJ) last issued its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 EPS for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. As a group, equities analysts predict that easyJet plc will post 67.3369565 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Harald Eisenächer acquired 4,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were acquired at an average cost of GBX 476 per share, for a total transaction of £19,040. Over the last ninety days, insiders acquired 4,063 shares of company stock valued at $1,933,858. Corporate insiders own 15.15% of the company’s stock.

About easyJet

We are a low-cost, European, point-to-point airline. We use our cost advantage, operational efficiency and leading positions in primary airports to deliver low fares for our customers – making great value travel accessible for everyone. We aim to provide simple, convenient travel and holidays at a competitive price with outstanding customer service.