easyJet (LON:EZJ) Reaches New 52-Week Low – Time to Sell?

Shares of easyJet plc (LON:EZJ) reached a new 52-week low during trading on Monday . The company traded as low as GBX 389.30 and last traded at GBX 394.50, with a volume of 31941576 shares traded. The stock had previously closed at GBX 408.90.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EZJ. Panmure Gordon increased their price objective on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research report on Tuesday, November 25th. UBS Group reaffirmed a “buy” rating and set a GBX 800 target price on shares of easyJet in a report on Friday, January 16th. Peel Hunt reiterated a “buy” rating and issued a GBX 850 price target on shares of easyJet in a research note on Tuesday, November 25th. Citigroup lowered their price target on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft cut easyJet to a “sell” rating and reduced their price objective for the stock from GBX 535 to GBX 465 in a report on Thursday, January 15th. Five 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 625.

easyJet Stock Performance

The stock’s 50-day moving average price is GBX 481.83 and its 200-day moving average price is GBX 480.68. The company has a market cap of £2.95 billion, a P/E ratio of 6.10, a PEG ratio of 0.59 and a beta of 1.71. 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.