Analysts Set easyJet plc (LON:EZJ) Price Target at GBX 550

easyJet plc (LON:EZJ) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 550.

A number of equities analysts recently commented on EZJ shares. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 405 price target on shares of easyJet in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 340 price target on shares of easyJet in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. dropped their price target on easyJet from GBX 400 to GBX 350 and set an “underweight” rating for the company in a research note on Wednesday, April 15th. Finally, UBS Group reissued a “buy” rating and set a GBX 635 price target on shares of easyJet in a research note on Monday, May 18th.

easyJet Price Performance

Shares of easyJet stock opened at GBX 504 on Friday. The stock has a 50 day moving average of GBX 401.80 and a 200 day moving average of GBX 437.54. easyJet has a 12 month low of GBX 332.60 and a 12 month high of GBX 548.80. The firm has a market cap of £3.77 billion, a PE ratio of 9.32, a PEG ratio of 0.59 and a beta of 1.73. 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 announced 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 firm had revenue of GBX 395 million for the quarter. On average, research analysts expect that easyJet will post 67.3369565 EPS for the current fiscal year.

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.