easyJet (LON:EZJ) Shares Down 11.6% – What’s Next?

easyJet plc (LON:EZJ) shares fell 11.6% on Wednesday . The stock traded as low as GBX 562 and last traded at GBX 586.60. Approximately 20,085,963 shares were traded during trading, a decline of 45% from the average session volume of 36,813,891 shares. The stock had previously closed at GBX 663.40.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of easyJet from GBX 340 to GBX 360 and gave the stock an “underweight” rating in a report on Friday, July 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 600 price target on shares of easyJet in a research note on Monday, July 6th. 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, UBS Group reissued a “buy” rating and set a GBX 635 price objective on shares of easyJet in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 579.29.

easyJet Stock Performance

The company has a market cap of £4.38 billion, a P/E ratio of 10.84, a PEG ratio of 0.59 and a beta of 1.70. The business’s 50 day simple moving average is GBX 504.08 and its 200 day simple moving average is GBX 452.94. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36.

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