easyJet (LON:EZJ) Stock Crosses Above 200 Day Moving Average – Should You Sell?

easyJet plc (LON:EZJ)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 488.21 and traded as high as GBX 496.10. easyJet shares last traded at GBX 481.90, with a volume of 4,152,664 shares.

Wall Street Analysts Forecast Growth

EZJ has been the subject of a number of analyst reports. UBS Group reaffirmed a “buy” rating and issued a GBX 800 price target on shares of easyJet in a report on Friday, January 16th. Citigroup lowered their price objective on easyJet from GBX 520 to GBX 500 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. JPMorgan Chase & Co. downgraded easyJet to an “underweight” rating and cut their target price for the company from GBX 500 to GBX 400 in a research report on Monday, December 1st. Panmure Gordon increased their price target on easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded easyJet to a “sell” rating and lowered their price target for the stock from GBX 535 to GBX 465 in a research report on Thursday, January 15th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, easyJet presently has an average rating of “Hold” and a consensus target price of GBX 632.50.

easyJet Stock Down 3.0%

The company has a market cap of £3.60 billion, a PE ratio of 7.45, a P/E/G ratio of 0.59 and a beta of 2.49. The company’s 50 day moving average is GBX 492.96 and its 200 day moving average is GBX 487.85. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33.

easyJet (LON:EZJ) last released its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 earnings per share (EPS) for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. As a group, analysts predict that easyJet plc will post 67.3369565 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Harald Eisenächer acquired 4,000 shares of easyJet stock in a transaction on Wednesday, November 26th. The shares were bought at an average cost of GBX 476 per share, for a total transaction of £19,040. In the last quarter, insiders acquired 4,061 shares of company stock worth $1,933,698. Company insiders own 15.15% of the company’s stock.

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.