easyJet (LON:EZJ) Hits New 12-Month High – Still a Buy?

Shares of easyJet plc (LON:EZJ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 584.60 and last traded at GBX 570, with a volume of 10558668 shares trading hands. The stock had previously closed at GBX 539.11.

Analyst Ratings Changes

Several equities research analysts have commented on EZJ shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 340 price target on shares of easyJet in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. decreased their price objective on easyJet from GBX 400 to GBX 350 and set an “underweight” rating for the company in a report on Wednesday, April 15th. UBS Group reaffirmed a “buy” rating and issued a GBX 635 target price on shares of easyJet in a research report on Monday, May 18th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 405 target price on shares of easyJet in a report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, easyJet has an average rating of “Hold” and a consensus target price of GBX 550.

easyJet Stock Performance

The firm has a market capitalization of £4.32 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 0.59 and a beta of 1.73. The stock’s fifty day moving average is GBX 417.91 and its two-hundred day moving average is GBX 439.52. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 82.36.

easyJet (LON:EZJ) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) EPS for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The firm had revenue of GBX 395 million during the quarter. On average, analysts predict that easyJet plc will post 67.3369565 earnings per share for the current 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.