Royal Bank Of Canada Reiterates “Sector Perform” Rating for easyJet (LON:EZJ)

easyJet (LON:EZJ)‘s stock had its “sector perform” rating reissued by equities researchers at Royal Bank Of Canada in a note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 600 price target on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 2.66% from the company’s previous close.

EZJ has been the topic of several other research reports. Citigroup boosted their price target on shares of easyJet from GBX 5,000 to GBX 5,800 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. increased their target price on easyJet from GBX 340 to GBX 360 and gave the stock an “underweight” rating in a research note on Friday. 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, UBS Group reiterated a “buy” rating and issued a GBX 635 price objective on shares of easyJet in a report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, easyJet has a consensus rating of “Hold” and an average price target of GBX 1,337.86.

easyJet Stock Performance

Shares of EZJ opened at GBX 616.40 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36. easyJet has a 12-month low of GBX 332.60 and a 12-month high of GBX 621.80. The company has a market cap of £4.61 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.59 and a beta of 1.73. The stock has a 50-day moving average price of GBX 436.41 and a 200-day moving average price of GBX 441.96.

easyJet (LON:EZJ) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. The business had revenue of GBX 395 million during the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%. As a group, equities analysts forecast that easyJet will post 67.3369565 earnings per share for the current fiscal 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.