easyJet (LON:EZJ) Share Price Crosses Above 200 Day Moving Average – What’s Next?

easyJet plc (LON:EZJ)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 488.21 and traded as high as GBX 496.10. easyJet shares last traded at GBX 481.90, with a volume of 4,152,664 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on EZJ shares. Panmure Gordon increased their target price on easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Citigroup reduced their price objective on easyJet from GBX 520 to GBX 500 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Peel Hunt reiterated a “buy” rating and set a GBX 850 target price on shares of easyJet in a research report on Tuesday, November 25th. UBS Group reissued a “buy” rating and issued a GBX 800 target price on shares of easyJet in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of easyJet to a “sell” rating and decreased their price target for the company from GBX 535 to GBX 465 in a research note on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 632.50.

easyJet Trading Down 3.0%

The stock has a fifty day moving average of GBX 492.96 and a 200-day moving average of GBX 488.21. The company has a market cap of £3.60 billion, a PE ratio of 7.45, a PEG ratio of 0.59 and a beta of 2.49. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02.

easyJet (LON:EZJ) last released its earnings results on Tuesday, November 25th. The company reported GBX 66.40 earnings per share for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. Sell-side analysts anticipate that easyJet plc will post 67.3369565 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Harald Eisenächer acquired 4,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was bought at an average cost of GBX 476 per share, with a total value of £19,040. In the last three months, insiders have bought 4,061 shares of company stock worth $1,933,698. Company 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. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.