easyJet (LON:EZJ) Hits New 52-Week Low – Here’s Why

easyJet plc (LON:EZJ) shares hit a new 52-week low on Monday . The company traded as low as GBX 389.30 and last traded at GBX 394.50, with a volume of 31941576 shares changing hands. The stock had previously closed at GBX 408.90.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on EZJ shares. Citigroup lowered their price objective on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a research report on Monday, February 2nd. JPMorgan Chase & Co. lowered easyJet to an “underweight” rating and lowered their price target for the stock from GBX 500 to GBX 400 in a research report on Monday, December 1st. Peel Hunt reiterated a “buy” rating and set a GBX 850 price objective on shares of easyJet in a research note on Tuesday, November 25th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 590 target price on shares of easyJet in a research note on Monday, February 2nd. Finally, UBS Group restated a “buy” rating and set a GBX 800 target price on shares of easyJet in a report on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 625.

easyJet Trading Down 3.5%

The company has a debt-to-equity ratio of 83.65, a current ratio of 1.11 and a quick ratio of 1.09. The business has a 50-day simple moving average of GBX 481.83 and a two-hundred day simple moving average of GBX 480.68. The stock has a market cap of £2.95 billion, a price-to-earnings ratio of 6.10, a P/E/G ratio of 0.59 and a beta of 1.71.

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.