easyJet (LON:EZJ) Trading 10.6% Higher – Should You Buy?

Shares of easyJet plc (LON:EZJ) traded up 10.6% on Monday . The company traded as high as GBX 447.80 and last traded at GBX 440.30. 908,451,438 shares traded hands during trading, an increase of 2,031% from the average session volume of 42,625,742 shares. The stock had previously closed at GBX 398.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of easyJet from GBX 415 to GBX 405 and set an “outperform” rating for the company in a research report on Friday, May 22nd. UBS Group reissued a “buy” rating and set a GBX 635 price target on shares of easyJet in a research report on Monday, May 18th. JPMorgan Chase & Co. decreased their price target on shares of easyJet from GBX 400 to GBX 350 and set an “underweight” rating for the company in a research report on Wednesday, April 15th. Citigroup decreased their price objective on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of easyJet from GBX 465 to GBX 340 and set a “sell” rating for the company in a report on Thursday, March 19th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, easyJet presently has a consensus rating of “Hold” and an average target price of GBX 550.

easyJet Trading Up 10.6%

The stock has a market cap of £3.29 billion, a price-to-earnings ratio of 6.81, a P/E/G ratio of 0.59 and a beta of 1.71. The business’s fifty day simple moving average is GBX 364.65 and its 200 day simple moving average is GBX 436.30. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

easyJet (LON:EZJ) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) EPS for the quarter. The business had revenue of GBX 395 million during the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%. On average, research analysts predict that easyJet plc will post 67.3369565 EPS for the current year.

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.