easyJet (LON:EZJ) Hits New 1-Year High – What’s Next?

Shares of easyJet plc (LON:EZJ) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 584.60 and last traded at GBX 570, with a volume of 10558668 shares changing hands. The stock had previously closed at GBX 539.11.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EZJ. UBS Group restated a “buy” rating and issued a GBX 635 price target on shares of easyJet in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 340 price objective on shares of easyJet in a research note on Tuesday, June 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 405 price objective on shares of easyJet in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. cut their target price on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a research report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, easyJet has a consensus rating of “Hold” and an average target price of GBX 550.

easyJet Price Performance

The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10. The company’s fifty day moving average price is GBX 410.71 and its 200 day moving average price is GBX 437.98. The firm has a market capitalization of £4.26 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.59 and a beta of 1.73.

easyJet (LON:EZJ) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. The firm had revenue of GBX 395 million during the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. Equities research analysts expect that easyJet plc will post 67.3369565 earnings per share for the current year.

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.