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

easyJet plc (LON:EZJ)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 504.91 and traded as high as GBX 671. easyJet shares last traded at GBX 667.40, with a volume of 19,288,055 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EZJ. JPMorgan Chase & Co. increased their price objective on easyJet from GBX 360 to GBX 715 and gave the company a “neutral” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 340 target price on shares of easyJet in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada upped their target price on easyJet from GBX 600 to GBX 715 and gave the company a “sector perform” rating in a report on Friday, August 21st. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, easyJet presently has an average rating of “Hold” and a consensus target price of GBX 646.43.

easyJet Stock Down 0.1%

The firm has a 50-day moving average of GBX 658.99 and a two-hundred day moving average of GBX 504.91. The stock has a market capitalization of £4.99 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 0.59 and a beta of 1.72. 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.