Deutsche Bank Aktiengesellschaft Has Lowered Expectations for easyJet (LON:EZJ) Stock Price

easyJet (LON:EZJ) had its price target cut by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 465 to GBX 340 in a report issued on Thursday, Marketbeat.com reports. The firm currently has a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 4.52% from the company’s previous close.

Several other equities research analysts have also recently issued reports on EZJ. Citigroup decreased their target price on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Panmure Gordon upped their price target on shares of easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 590 price target on shares of easyJet in a report on Monday, February 2nd. UBS Group reissued a “buy” rating and set a GBX 800 price objective on shares of easyJet in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. downgraded easyJet to an “underweight” rating and dropped their price objective for the stock from GBX 500 to GBX 400 in a report on Monday, December 1st. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 607.14.

easyJet Stock Up 1.7%

EZJ opened at GBX 356.10 on Thursday. easyJet has a 12 month low of GBX 350 and a 12 month high of GBX 590.60. The business has a 50-day moving average of GBX 454.82 and a two-hundred day moving average of GBX 472.29. The company has a debt-to-equity ratio of 83.65, a current ratio of 1.11 and a quick ratio of 1.09. The stock has a market capitalization of £2.66 billion, a price-to-earnings ratio of 5.50, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71.

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.