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

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on EZJ shares. UBS Group reaffirmed a “buy” rating and set a GBX 635 price target on shares of easyJet in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 340 price objective on shares of easyJet in a research report on Tuesday, June 2nd. Royal Bank Of Canada restated an “outperform” rating and set a GBX 405 target price on shares of easyJet in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of easyJet from GBX 400 to GBX 350 and set an “underweight” rating for the company in a research report on Wednesday, April 15th. 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, easyJet presently has an average rating of “Hold” and a consensus price target of GBX 550.

easyJet Stock Up 5.7%

The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36. The stock has a market capitalization of £4.26 billion, a PE ratio of 10.54, a P/E/G ratio of 0.59 and a beta of 1.73. The stock’s fifty day simple moving average is GBX 410.71 and its 200-day simple moving average is GBX 437.98.

easyJet (LON:EZJ) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. The firm had revenue of GBX 395 million for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. As a group, sell-side analysts forecast that easyJet plc will post 67.3369565 EPS 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.