easyJet (LON:EZJ) Shares Cross Above 200-Day Moving Average – Here’s What Happened

easyJet plc (LON:EZJ)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 452.94 and traded as high as GBX 665.80. easyJet shares last traded at GBX 663.40, with a volume of 6,203,267 shares trading hands.

Analysts Set New Price Targets

EZJ has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of easyJet from GBX 340 to GBX 360 and gave the stock an “underweight” rating in a research report on Friday, July 3rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 600 price objective on shares of easyJet in a research report on Monday, July 6th. UBS Group restated a “buy” rating and set a GBX 635 price objective on shares of easyJet in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 340 target price on shares of easyJet in a research report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 579.29.

easyJet Trading Up 2.7%

The firm has a market capitalization of £4.49 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.59 and a beta of 1.70. The business’s 50-day moving average price is GBX 508.79 and its 200 day moving average price is GBX 453.48. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

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. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The firm had revenue of GBX 395 million for the quarter. On average, equities analysts forecast that easyJet plc will post 67.3369565 earnings per share for the current fiscal year.

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.