easyJet (LON:EZJ) Given New GBX 715 Price Target at Royal Bank Of Canada

easyJet (LON:EZJ) had its price target increased by equities researchers at Royal Bank Of Canada from GBX 600 to GBX 715 in a research report issued on Friday,London Stock Exchange reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 6.08% from the company’s current price.

A number of other equities analysts have also weighed in on EZJ. JPMorgan Chase & Co. increased their target price on shares of easyJet from GBX 360 to GBX 715 and gave the stock a “neutral” rating in a research report on Friday, August 7th. UBS Group reissued a “buy” rating and issued a GBX 635 price target on shares of easyJet in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 340 price target on shares of easyJet in a research note on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 646.43.

easyJet Stock Up 0.4%

EZJ stock opened at GBX 674 on Friday. The stock has a fifty day moving average of GBX 613.30 and a 200-day moving average of GBX 478.31. easyJet has a fifty-two week low of GBX 332.60 and a fifty-two week high of GBX 683.80. The company has a market capitalization of £5.04 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.59 and a beta of 1.72. The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10.

easyJet (LON:EZJ) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) 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%. As a group, equities research analysts predict that easyJet will post 67.3369565 earnings per share 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.