easyJet (LON:EZJ) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

easyJet plc (LON:EZJ)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 485.23 and traded as high as GBX 492.90. easyJet shares last traded at GBX 485.10, with a volume of 2,215,754 shares changing hands.

Analysts Set New Price Targets

EZJ has been the subject of a number of research reports. JPMorgan Chase & Co. lowered easyJet to an “underweight” rating and dropped their price target for the company from GBX 500 to GBX 400 in a research note on Monday, December 1st. Panmure Gordon upped their price objective on easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a report on Tuesday, November 25th. UBS Group reiterated a “buy” rating and set a GBX 800 target price on shares of easyJet in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft downgraded shares of easyJet to a “sell” rating and decreased their price target for the company from GBX 535 to GBX 465 in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 590 price objective on shares of easyJet in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 625.

easyJet Trading Up 0.8%

The company has a 50-day moving average price of GBX 494.26 and a two-hundred day moving average price of GBX 485.23. The stock has a market cap of £3.63 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33.

easyJet (LON:EZJ) last posted its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 EPS for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. On average, research analysts expect that easyJet plc will post 67.3369565 EPS for the current fiscal year.

Insider Activity at easyJet

In other news, insider Harald Eisenächer purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average cost of GBX 476 per share, for a total transaction of £19,040. Over the last three months, insiders have bought 4,061 shares of company stock worth $1,933,698. 15.22% of the stock is currently owned by insiders.

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.