easyJet plc (LON:EZJ) Receives Average Rating of “Hold” from Brokerages

easyJet plc (LON:EZJ) has been given a consensus rating of “Hold” by the eight research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 550.

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 340 target price 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. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 405 target price on shares of easyJet in a research note on Monday, June 1st.

easyJet Stock Performance

Shares of LON:EZJ opened at GBX 502.84 on Friday. The business has a 50-day moving average price of GBX 396.53 and a two-hundred day moving average price of GBX 437. easyJet has a 1-year low of GBX 332.60 and a 1-year high of GBX 548.80. The stock has a market capitalization of £3.76 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.59 and a beta of 1.73. 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 released 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 business had revenue of GBX 395 million during the quarter. Equities analysts predict that easyJet 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.