easyJet (LON:EZJ) Sets New 1-Year High on Analyst Upgrade

easyJet plc (LON:EZJ)’s share price reached a new 52-week high on Monday after JPMorgan Chase & Co. raised their price target on the stock from GBX 340 to GBX 360. JPMorgan Chase & Co. currently has an underweight rating on the stock. easyJet traded as high as GBX 621.80 and last traded at GBX 611.39, with a volume of 242294531 shares. The stock had previously closed at GBX 558.20.

A number of other equities analysts also recently weighed in on EZJ. UBS Group reissued a “buy” rating and set a GBX 635 price target on shares of easyJet in a research report on Monday, May 18th. Royal Bank Of Canada raised easyJet to a “sector perform” rating and raised their price objective for the company from GBX 405 to GBX 600 in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 340 target price on shares of easyJet in a research note on Tuesday, June 2nd. Finally, Citigroup increased their price target on easyJet from GBX 5,000 to GBX 5,800 and gave the company a “neutral” rating in a research note on Tuesday, June 30th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 1,337.86.

easyJet Price Performance

The company has a market capitalization of £4.57 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 0.59 and a beta of 1.73. The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10. The business has a 50 day moving average price of GBX 436.41 and a 200-day moving average price of GBX 441.96.

easyJet (LON:EZJ) last released its earnings results on Thursday, May 21st. The company reported GBX (50.10) EPS for the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%.The business had revenue of GBX 395 million for the quarter. Research analysts predict that easyJet plc will post 67.3369565 EPS for the current fiscal year.

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.