easyJet (LON:EZJ) Reaches New 12-Month High – What’s Next?

easyJet plc (LON:EZJ)’s share price reached a new 52-week high on Thursday. The stock traded as high as GBX 683.80 and last traded at GBX 682.80, with a volume of 3332640 shares trading hands. The stock had previously closed at GBX 679.60.

Analyst Upgrades and Downgrades

EZJ has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on easyJet from GBX 360 to GBX 715 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Royal Bank Of Canada upped 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. Three 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. Based on data from MarketBeat.com, easyJet presently has an average rating of “Hold” and an average price target of GBX 646.43.

easyJet Trading Up 0.2%

The stock has a market cap of £5.09 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.59 and a beta of 1.72. The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10. The company has a 50 day moving average of GBX 668.94 and a two-hundred day moving average of GBX 531.40.

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.