easyJet (LON:EZJ) Sets New 1-Year High on Analyst Upgrade

easyJet plc (LON:EZJ)’s stock price reached a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from GBX 340 to GBX 360. JPMorgan Chase & Co. currently has an underweight rating on the stock. easyJet traded as high as GBX 621.80 and last traded at GBX 611.39, with a volume of 242294531 shares changing hands. The stock had previously closed at GBX 558.20.

Several other research analysts have also issued reports on EZJ. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 340 price target on shares of easyJet in a research report on Tuesday, June 2nd. UBS Group reaffirmed a “buy” rating and issued a GBX 635 target price on shares of easyJet in a research note on Monday, May 18th. Citigroup raised their price objective on easyJet from GBX 5,000 to GBX 5,800 and gave the stock a “neutral” rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada raised easyJet to a “sector perform” rating and raised their price target for the stock from GBX 405 to GBX 600 in a research report on Tuesday, June 30th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, easyJet presently has a consensus rating of “Hold” and an average target price of GBX 1,337.86.

easyJet Stock Performance

The company has a market capitalization of £4.57 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 0.59 and a beta of 1.73. The stock’s 50 day moving average price is GBX 436.41 and its 200 day moving average price is GBX 441.96. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36.

easyJet (LON:EZJ) last posted its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The company had revenue of GBX 395 million during the quarter. Analysts expect that easyJet plc will post 67.3369565 earnings per share 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.