easyJet (LON:EZJ) Reaches New 1-Year High – Here’s What Happened

easyJet plc (LON:EZJ)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 690.60 and last traded at GBX 690.60, with a volume of 2,162,553 shares traded. The stock had previously closed at GBX 687.

Analysts Set New Price Targets

A number of research analysts have commented on EZJ shares. JPMorgan Chase & Co. upped their price objective 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 lifted their target price on easyJet from GBX 600 to GBX 715 and gave the stock a “sector perform” rating in a report on Friday, August 21st. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 646.43.

easyJet Stock Up 0.5%

The stock has a 50-day moving average of GBX 676.37 and a 200 day moving average of GBX 533.41. The company has a market cap of £5.16 billion, a P/E ratio of 12.77, a PEG ratio of 0.59 and a beta of 1.67. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

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.