easyJet (LON:EZJ) Reaches New 52-Week High – Time to Buy?

easyJet plc (LON:EZJ)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 690.60 and last traded at GBX 690.60, with a volume of 2,162,553 shares changing hands. The stock had previously closed at GBX 687.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Royal Bank Of Canada increased their price objective on easyJet from GBX 600 to GBX 715 and gave the stock a “sector perform” rating in a report on Friday, August 21st. JPMorgan Chase & Co. boosted their target price on easyJet from GBX 360 to GBX 715 and gave the company a “neutral” rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 646.43.

easyJet Stock Performance

The company has a market capitalization of £5.16 billion, a P/E ratio of 12.77, a PEG ratio of 0.59 and a beta of 1.67. The stock’s fifty day moving average price is GBX 676.37 and its 200-day moving average price is GBX 533.41. The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10.

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.