easyJet (LON:EZJ) Shares Cross Above 200 Day Moving Average – Here’s Why

easyJet plc (LON:EZJ)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 529.08 and traded as high as GBX 680. easyJet shares last traded at GBX 678.20, with a volume of 2,725,797 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EZJ shares. JPMorgan Chase & Co. boosted 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. Royal Bank Of Canada lifted their target price on easyJet from GBX 600 to GBX 715 and gave the stock a “sector perform” rating in a research note on Friday, August 21st. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 646.43.

easyJet Stock Up 0.2%

The firm has a market cap of £5.09 billion, a P/E ratio of 12.59, a P/E/G 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 firm’s fifty day moving average is GBX 668.94 and its 200 day moving average is 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.