easyJet (LON:EZJ) Hits New 52-Week Low - Time to Sell?

Key Points

• 52-week low: easyJet shares fell to GBX 341.10 (last GBX 342.10) on heavy volume of 130,495,141 shares, down from the prior close of GBX 353.60.
• Analyst picture is mixed — five Buys, one Hold and two Sells — resulting in an average rating of Hold and an average price target of GBX 607.14, with individual targets ranging roughly GBX 340–850.
• Technicals and fundamentals look weak: the stock is trading about 3.7% lower and well below its 50- and 200-day SMAs (GBX 454.82 and GBX 472.15), while valuation metrics show a P/E of 5.26, PEG 0.59, market cap £2.55bn and a high debt-to-equity of 83.65.

easyJet plc (LON:EZJ - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 341.10 and last traded at GBX 342.10, with a volume of 130495141 shares traded. The stock had previously closed at GBX 353.60.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EZJ shares. Royal Bank Of Canada restated an "outperform" rating and set a GBX 590 target price on shares of easyJet in a research report on Monday, February 2nd. Citigroup reduced their price objective on shares of easyJet from GBX 500 to GBX 490 and set a "neutral" rating on the stock in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of easyJet from GBX 465 to GBX 340 and set a "sell" rating for the company in a report on Thursday. Panmure Gordon upped their target price on shares of easyJet from GBX 730 to GBX 780 and gave the company a "buy" rating in a research note on Tuesday, November 25th. Finally, Peel Hunt reiterated a "buy" rating and issued a GBX 850 target price on shares of easyJet in a report on Tuesday, November 25th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 607.14.

easyJet Trading Down 3.7%

The business has a 50 day simple moving average of GBX 454.82 and a 200-day simple moving average of GBX 472.15. The stock has a market capitalization of £2.55 billion, a price-to-earnings ratio of 5.26, a PEG ratio of 0.59 and a beta of 1.71. The company has a debt-to-equity ratio of 83.65, a current ratio of 1.11 and a quick ratio of 1.09.

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.

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