easyJet (LON:EZJ) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

easyJet plc (LON:EZJ) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 490.20 and traded as high as GBX 676. easyJet shares last traded at GBX 672.40, with a volume of 10,261,554 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 340 target price on shares of easyJet in a research note on Tuesday, June 2nd. Royal Bank Of Canada lifted their price target on easyJet from GBX 600 to GBX 715 and gave the company a “sector perform” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. increased their price objective on easyJet from GBX 360 to GBX 715 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, UBS Group reissued a “buy” rating and issued a GBX 635 target price on shares of easyJet in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 646.43.

easyJet Stock Performance

The stock’s fifty day simple moving average is GBX 642.80 and its 200-day simple moving average is GBX 491.46. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 82.36. The company has a market capitalization of £5.01 billion, a PE ratio of 12.40, a PEG ratio of 0.59 and a beta of 1.72.

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.