Citigroup Issues Positive Forecast for easyJet (LON:EZJ) Stock Price

easyJet (LON:EZJ) had its price objective boosted by equities research analysts at Citigroup from GBX 5,000 to GBX 5,800 in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock.

A number of other research analysts also recently commented on the stock. Royal Bank Of Canada upgraded shares of easyJet to a “sector perform” rating and increased their price objective for the company from GBX 405 to GBX 600 in a research note on Tuesday. UBS Group reissued a “buy” rating and issued a GBX 635 target price on shares of easyJet in a research report on Monday, May 18th. JPMorgan Chase & Co. cut their target price on shares of easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a research note on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 340 price target on shares of easyJet in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 1,336.43.

easyJet Stock Performance

Shares of EZJ opened at GBX 575.08 on Tuesday. The firm has a market cap of £4.30 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.59 and a beta of 1.73. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 82.36. The business’s 50 day moving average is GBX 422.12 and its two-hundred day moving average is GBX 439.93. easyJet has a 52-week low of GBX 332.60 and a 52-week high of GBX 621.

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 company had revenue of GBX 395 million for the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%. Analysts forecast that easyJet 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.