easyJet (LON:EZJ) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

easyJet plc (LON:EZJ) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 485.23 and traded as high as GBX 492.90. easyJet shares last traded at GBX 485.10, with a volume of 2,215,754 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Peel Hunt restated a “buy” rating and set a GBX 850 price objective on shares of easyJet in a report on Tuesday, November 25th. Panmure Gordon lifted their target price on easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 590 price target on shares of easyJet in a report on Monday, February 2nd. UBS Group reaffirmed a “buy” rating and issued a GBX 800 price target on shares of easyJet in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. cut shares of easyJet to an “underweight” rating and lowered their price objective for the company from GBX 500 to GBX 400 in a research report on Monday, December 1st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 625.

easyJet Stock Up 0.8%

The firm has a market cap of £3.63 billion, a P/E ratio of 7.50, a P/E/G ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. The business has a 50-day moving average price of GBX 494.26 and a 200-day moving average price of GBX 485.23.

easyJet (LON:EZJ) last released its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 earnings per share for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. On average, equities analysts forecast that easyJet plc will post 67.3369565 EPS for the current fiscal year.

Insider Buying and Selling at easyJet

In other easyJet news, insider Harald Eisenächer acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average cost of GBX 476 per share, with a total value of £19,040. Over the last three months, insiders have purchased 4,061 shares of company stock valued at $1,933,698. 15.22% of the stock is currently owned by corporate insiders.

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.