easyJet (LON:EZJ - Get Free Report) had its target price raised by investment analysts at JPMorgan Chase & Co. from GBX 670 ($8.99) to GBX 700 ($9.40) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 40.03% from the stock's previous close.
easyJet Stock Down 0.0%
Shares of LON EZJ traded down GBX 0.10 ($0.00) during midday trading on Friday, reaching GBX 499.90 ($6.71). 4,560,873 shares of the company's stock traded hands, compared to its average volume of 14,065,268. The company has a quick ratio of 1.09, a current ratio of 1.02 and a debt-to-equity ratio of 110.33. The stock's 50 day simple moving average is GBX 545.11 and its 200-day simple moving average is GBX 511.06. easyJet has a one year low of GBX 401.05 ($5.38) and a one year high of GBX 594 ($7.97). The company has a market cap of £3.78 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 0.59 and a beta of 2.49.
easyJet (LON:EZJ - Get Free Report) last released its quarterly earnings data 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%. On average, analysts predict that easyJet will post 67.3369565 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, insider Elyes Mrad bought 14,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of GBX 588 ($7.89) per share, for a total transaction of £82,320 ($110,496.64). Insiders have purchased 14,057 shares of company stock valued at $8,261,865 in the last three months. 16.74% of the stock is owned by company insiders.
easyJet Company Profile
(
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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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