Citigroup Issues Positive Forecast for easyJet (LON:EZJ) Stock Price

easyJet (LON:EZJ) had its price objective raised by equities research analysts at Citigroup from GBX 5,000 to GBX 5,800 in a research report issued on Tuesday,London Stock Exchange reports. The firm currently has a “neutral” rating on the stock.

EZJ has been the subject of several other research reports. UBS Group reaffirmed a “buy” rating and issued a GBX 635 target price on shares of easyJet in a research report on Monday, May 18th. JPMorgan Chase & Co. dropped their target price on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 340 price target on shares of easyJet in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada upgraded easyJet to a “sector perform” rating and upped their price target for the stock from GBX 405 to GBX 600 in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 1,336.43.

easyJet Stock Performance

Shares of EZJ stock opened at GBX 575.08 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36. The company has a market cap of £4.30 billion, a PE ratio of 10.63, a P/E/G ratio of 0.59 and a beta of 1.73. The company’s fifty day simple moving average is GBX 422.12 and its 200-day simple moving average is GBX 439.93. easyJet has a 52 week low of GBX 332.60 and a 52 week high of GBX 621.

easyJet (LON:EZJ) last announced 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. As a group, equities research analysts anticipate that easyJet will post 67.3369565 EPS for the current year.

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.