easyJet (LON:EZJ) Upgraded to “Sector Perform” at Royal Bank Of Canada

easyJet (LON:EZJ) was upgraded by Royal Bank Of Canada to a “sector perform” rating in a report released on Tuesday,London Stock Exchange reports. The brokerage currently has a GBX 600 price target on the stock, up from their prior price target of GBX 405. Royal Bank Of Canada’s price target would indicate a potential upside of 4.33% from the stock’s current price.

Several other research analysts have also recently issued reports on EZJ. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and issued a GBX 340 price objective on shares of easyJet in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their price target 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, UBS Group reaffirmed a “buy” rating and set a GBX 635 price target on shares of easyJet in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 1,336.43.

easyJet Stock Performance

LON EZJ opened at GBX 575.08 on Tuesday. The stock has a market capitalization 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 business’s 50 day moving average is GBX 422.12 and its two-hundred day moving average is GBX 439.93. easyJet has a 12-month low of GBX 332.60 and a 12-month high of GBX 621. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36.

easyJet (LON:EZJ) last posted its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) EPS for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The business had revenue of GBX 395 million during the quarter. Research analysts expect that easyJet will post 67.3369565 EPS for the current 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.