easyJet (LON:EZJ) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

easyJet plc (LON:EZJ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 457.04 and traded as high as GBX 616.20. easyJet shares last traded at GBX 611.60, with a volume of 2,434,605 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EZJ. UBS Group restated a “buy” rating and set a GBX 635 target price on shares of easyJet in a research note on Monday, May 18th. 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. JPMorgan Chase & Co. boosted their price target on shares of easyJet from GBX 340 to GBX 360 and gave the stock an “underweight” rating in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 340 price objective on shares of easyJet in a research report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 579.29.

easyJet Price Performance

The stock has a fifty day simple moving average of GBX 541.17 and a 200-day simple moving average of GBX 457.90. The company has a market capitalization of £4.71 billion, a PE ratio of 11.65, a P/E/G ratio of 0.59 and a beta of 1.70. 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 released its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) EPS for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The business had revenue of GBX 395 million during the quarter. Equities analysts anticipate that easyJet plc will post 67.3369565 earnings per share for the current 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.