Brokerages Set easyJet plc (LON:EZJ) PT at GBX 575

Shares of easyJet plc (LON:EZJ) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 575.

A number of analysts recently weighed in on EZJ shares. Deutsche Bank Aktiengesellschaft decreased their price target on easyJet from GBX 465 to GBX 340 and set a “sell” rating on the stock in a research note on Thursday, March 19th. Citigroup reduced their price objective on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Royal Bank Of Canada dropped their target price on shares of easyJet from GBX 440 to GBX 415 and set an “outperform” rating for the company in a report on Friday, April 17th. UBS Group reissued a “buy” rating and set a GBX 800 price target on shares of easyJet in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. dropped their price objective on easyJet from GBX 400 to GBX 350 and set an “underweight” rating for the company in a research note on Wednesday, April 15th.

easyJet Stock Performance

LON EZJ opened at GBX 351.80 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 83.65. The business’s 50 day moving average is GBX 386.47 and its two-hundred day moving average is GBX 452.72. easyJet has a 12-month low of GBX 337.10 and a 12-month high of GBX 590.60. The stock has a market capitalization of £2.63 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 0.59 and a beta of 1.76.

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.