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JPMorgan Chase & Co. Issues Positive Forecast for easyJet (LON:EZJ) Stock Price

easyJet logo with Industrials background

easyJet (LON:EZJ - Get Free Report) had its target price upped by equities research analysts at JPMorgan Chase & Co. from GBX 670 ($9.03) to GBX 700 ($9.44) in a report issued on Friday, MarketBeat.com reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 38.18% from the stock's current price.

easyJet Price Performance

Shares of easyJet stock traded up GBX 6.70 ($0.09) during trading on Friday, reaching GBX 506.60 ($6.83). The company's stock had a trading volume of 3,186,226 shares, compared to its average volume of 13,987,001. easyJet has a one year low of GBX 401.05 ($5.41) and a one year high of GBX 594 ($8.01). The stock has a 50-day moving average price of GBX 545.11 and a two-hundred day moving average price of GBX 510.73. The stock has a market capitalization of £3.83 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33.

easyJet (LON:EZJ - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The company reported GBX (38.90) (($0.52)) earnings per share (EPS) for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. As a group, sell-side analysts anticipate that easyJet will post 67.3369565 EPS for the current fiscal year.

Insider Buying and Selling at easyJet

In related news, insider Elyes Mrad acquired 14,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was acquired at an average cost of GBX 588 ($7.93) per share, for a total transaction of £82,320 ($110,973.31). Insiders have acquired a total of 14,057 shares of company stock worth $8,261,865 over the last quarter. Insiders own 16.74% of the company's stock.

easyJet Company Profile

(Get Free Report)

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.

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