easyJet (LON:EZJ) Reaches New 12-Month Low – Here’s What Happened

Shares of easyJet plc (LON:EZJ) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 366 and last traded at GBX 366.60, with a volume of 33701297 shares traded. The stock had previously closed at GBX 369.40.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. UBS Group reaffirmed a “buy” rating and set a GBX 800 price objective on shares of easyJet in a research report on Friday, January 16th. Panmure Gordon lifted their target price on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. cut shares of easyJet to an “underweight” rating and lowered their price target for the company from GBX 500 to GBX 400 in a report on Monday, December 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 590 price target on shares of easyJet in a research note on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered easyJet to a “sell” rating and cut their price objective for the stock from GBX 535 to GBX 465 in a report on Thursday, January 15th. Five equities research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 625.

easyJet Stock Down 0.8%

The stock has a market cap of £2.74 billion, a price-to-earnings ratio of 5.67, a P/E/G ratio of 0.59 and a beta of 1.71. The business has a fifty day moving average of GBX 469.87 and a 200 day moving average of GBX 476.66. The company has a debt-to-equity ratio of 83.65, a current ratio of 1.11 and a quick ratio of 1.09.

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.