easyJet (LON:EZJ) Hits New 52-Week Low – Time to Sell?

Shares of easyJet plc (LON:EZJ) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 341.10 and last traded at GBX 342.10, with a volume of 130495141 shares. The stock had previously closed at GBX 353.60.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EZJ shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of easyJet from GBX 465 to GBX 340 and set a “sell” rating for the company in a report on Thursday. Royal Bank Of Canada restated an “outperform” rating and set a GBX 590 price objective on shares of easyJet in a report on Monday, February 2nd. Panmure Gordon boosted their price objective on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Citigroup cut their price objective 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. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 850 target price on shares of easyJet in a report on Tuesday, November 25th. Five equities research 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. According to MarketBeat, easyJet currently has an average rating of “Hold” and a consensus price target of GBX 607.14.

easyJet Stock Performance

The firm has a market cap of £2.55 billion, a price-to-earnings ratio of 5.26, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71. The stock has a 50-day moving average of GBX 454.82 and a 200-day moving average of GBX 472.15. The company has a debt-to-equity ratio of 83.65, a quick ratio of 1.09 and a current ratio of 1.11.

easyJet Company Profile

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.