easyJet (LON:EZJ) Stock Crosses Above 200 Day Moving Average – Here’s Why

easyJet plc (LON:EZJ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 452.94 and traded as high as GBX 665.80. easyJet shares last traded at GBX 663.40, with a volume of 6,203,267 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on easyJet from GBX 340 to GBX 360 and gave the stock an “underweight” rating in a research report on Friday, July 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 600 price target on shares of easyJet in a research report on Monday, July 6th. UBS Group restated a “buy” rating and issued a GBX 635 price target on shares of easyJet in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 340 price objective on shares of easyJet in a research report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 579.29.

easyJet Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 82.36. The company has a market capitalization of £4.96 billion, a PE ratio of 12.26, a PEG ratio of 0.59 and a beta of 1.70. The business has a 50 day simple moving average of GBX 504.08 and a 200 day simple moving average of GBX 452.94.

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

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.