easyJet (LON:EZJ) Reaches New 12-Month Low – Here’s What Happened

easyJet plc (LON:EZJ) reached a new 52-week low on Monday . The company traded as low as GBX 335 and last traded at GBX 335.90, with a volume of 14884952 shares trading hands. The stock had previously closed at GBX 344.20.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EZJ. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of easyJet from GBX 465 to GBX 340 and set a “sell” rating on the stock in a research note on Thursday, March 19th. Citigroup dropped their price objective on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a report on Monday, February 2nd. Royal Bank Of Canada decreased their price objective on easyJet from GBX 440 to GBX 415 and set an “outperform” rating for the company in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of easyJet from GBX 400 to GBX 350 and set an “underweight” rating for the company in a report on Wednesday, April 15th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 575.

easyJet Stock Down 3.1%

The company has a market capitalization of £2.49 billion, a P/E ratio of 5.16, a PEG ratio of 0.59 and a beta of 1.71. The company has a debt-to-equity ratio of 83.65, a quick ratio of 1.09 and a current ratio of 1.11. The stock has a 50 day moving average price of GBX 368.27 and a 200 day moving average price of GBX 444.21.

easyJet Company Profile

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.