easyJet (LON:EZJ) Reaches New 52-Week High – What’s Next?

Shares of easyJet plc (LON:EZJ) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 688.60 and last traded at GBX 688.60, with a volume of 1,923,946 shares trading hands. The stock had previously closed at GBX 679.80.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Royal Bank Of Canada lifted their target price on easyJet from GBX 600 to GBX 715 and gave the company a “sector perform” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. upped their price target on easyJet from GBX 360 to GBX 715 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Three 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 company. Based on data from MarketBeat.com, easyJet has an average rating of “Hold” and a consensus price target of GBX 646.43.

easyJet Trading Up 0.6%

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 stock has a fifty day simple moving average of GBX 675.42 and a 200 day simple moving average of GBX 529.34. The firm has a market capitalization of £5.11 billion, a P/E ratio of 12.64, a PEG ratio of 0.59 and a beta of 1.67.

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.