easyJet (LON:EZJ) Sets New 52-Week High – Still a Buy?

Shares of easyJet plc (LON:EZJ) reached a new 52-week high during trading on Thursday. The stock traded as high as GBX 684.80 and last traded at GBX 684.60, with a volume of 3,800,581 shares trading hands. The stock had previously closed at GBX 676.20.

Wall Street Analyst Weigh In

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

easyJet Stock Up 1.2%

The company has a market capitalization of £5.12 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.59 and a beta of 1.72. 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 business has a 50-day moving average price of GBX 672.92 and a 200-day moving average price of GBX 542.70.

About easyJet

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.