easyJet (LON:EZJ) Stock Passes Above 200 Day Moving Average – Should You Sell?

easyJet plc (LON:EZJ) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 436.08 and traded as high as GBX 487.60. easyJet shares last traded at GBX 475.81, with a volume of 437,594,688 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EZJ shares. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 405 target price on shares of easyJet in a research note on Monday, June 1st. UBS Group restated a “buy” rating and issued a GBX 635 target price on shares of easyJet in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 340 target price on shares of easyJet in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. cut their target price on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a research note on Wednesday, April 15th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 550.

easyJet Trading Up 2.7%

The company has a market cap of £3.66 billion, a P/E ratio of 9.06, a PEG ratio of 0.59 and a beta of 1.73. 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 business has a 50 day moving average price of GBX 385.28 and a 200-day moving average price of GBX 436.39.

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