easyJet (LON:EZJ) Sets New 12-Month High – Should You Buy?

easyJet plc (LON:EZJ) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 681.80 and last traded at GBX 680.90, with a volume of 26713928 shares traded. The stock had previously closed at GBX 675.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of easyJet from GBX 340 to GBX 360 and gave the company an “underweight” rating in a research note on Friday, July 3rd. 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. UBS Group reiterated a “buy” rating and set a GBX 635 price objective on shares of easyJet in a report on Monday, May 18th. Finally, 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. Four 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’s stock. According to MarketBeat.com, easyJet presently has a consensus rating of “Hold” and a consensus target price of GBX 579.29.

easyJet Stock Performance

The firm’s 50-day simple moving average is GBX 479.76 and its two-hundred day simple moving average is GBX 448.45. 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 company has a market cap of £5.09 billion, a PE ratio of 12.57, a P/E/G ratio of 0.59 and a beta of 1.70.

easyJet (LON:EZJ) last announced its quarterly earnings data 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 net margin of 3.93% and a return on equity of 11.57%. As a group, research analysts anticipate 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.