easyJet (LON:EZJ) Hits New 52-Week High – Time to Buy?

easyJet plc (LON:EZJ) shares reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 688.60 and last traded at GBX 688.60, with a volume of 1,923,946 shares changing hands. The stock had previously closed at GBX 679.80.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EZJ shares. JPMorgan Chase & Co. lifted their price target on easyJet from GBX 360 to GBX 715 and gave the company a “neutral” rating in a report on Friday, August 7th. Royal Bank Of Canada upped their price target on easyJet from GBX 600 to GBX 715 and gave the company a “sector perform” rating in a research report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 646.43.

easyJet Stock Down 0.8%

The company has a market cap of £5.12 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.59 and a beta of 1.67. The business has a 50-day simple moving average of GBX 675.92 and a two-hundred day simple moving average of GBX 531.36. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 82.36.

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.