easyJet (LON:EZJ) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of easyJet plc (LON:EZJ) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 436.08 and traded as high as GBX 487.60. easyJet shares last traded at GBX 475.81, with a volume of 437,594,688 shares changing hands.

Analyst Upgrades and Downgrades

EZJ has been the topic of a number of analyst reports. UBS Group reaffirmed a “buy” rating and issued a GBX 635 price target on shares of easyJet in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 340 price target on shares of easyJet in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. reduced their price target on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 405 price target on shares of easyJet in a research report on Monday, June 1st. Five equities 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 550.

easyJet Stock Up 0.9%

The business has a 50 day moving average of GBX 379.88 and a 200-day moving average of GBX 436.08. The stock has a market cap of £3.58 billion, a PE ratio of 8.86, a P/E/G ratio of 0.59 and a beta of 1.73. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36.

easyJet (LON:EZJ) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts predict that easyJet plc will post 67.3369565 EPS for the current fiscal 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.