easyJet (LON:EZJ) Reaches New 1-Year Low – Here’s Why

easyJet plc (LON:EZJ) shares hit a new 52-week low on Monday . The company traded as low as GBX 335 and last traded at GBX 335.90, with a volume of 14884952 shares trading hands. The stock had previously closed at GBX 344.20.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of easyJet from GBX 440 to GBX 415 and set an “outperform” rating on the stock in a report on Friday, April 17th. Citigroup decreased their price target on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating on the stock in a report on Monday, February 2nd. JPMorgan Chase & Co. decreased their price target on shares of easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a report on Wednesday, April 15th. UBS Group reiterated a “buy” rating and issued a GBX 635 price target on shares of easyJet in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of easyJet from GBX 465 to GBX 340 and set a “sell” rating on the stock in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 551.43.

easyJet Price Performance

The company has a debt-to-equity ratio of 83.65, a quick ratio of 1.09 and a current ratio of 1.11. The firm has a market cap of £2.55 billion, a price-to-earnings ratio of 5.28, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71. The company’s fifty day moving average is GBX 365.44 and its two-hundred day moving average is GBX 442.24.

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.