Royal Bank Of Canada Raises easyJet (LON:EZJ) Price Target to GBX 715

easyJet (LON:EZJ) had its price objective raised by Royal Bank Of Canada from GBX 600 to GBX 715 in a research report issued on Friday,London Stock Exchange reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 6.15% from the stock’s current price.

EZJ has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on easyJet from GBX 360 to GBX 715 and gave the company a “neutral” rating in a research report on Friday, August 7th. UBS Group restated a “buy” rating and set a GBX 635 price objective on shares of easyJet in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 340 price objective on shares of easyJet in a research note on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 646.43.

easyJet Stock Performance

Shares of easyJet stock opened at GBX 673.60 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 82.36. easyJet has a twelve month low of GBX 332.60 and a twelve month high of GBX 683.80. The stock has a market cap of £5.04 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.59 and a beta of 1.72. The company’s fifty day moving average is GBX 613.30 and its 200 day moving average is GBX 478.31.

easyJet (LON:EZJ) last announced its earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. The company had revenue of GBX 395 million for the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%. Sell-side analysts forecast that easyJet will post 67.3369565 EPS for the current 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.