easyJet plc (LON:EZJ - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 509.63 ($6.87) and traded as high as GBX 517.40 ($6.98). easyJet shares last traded at GBX 508.40 ($6.85), with a volume of 2,352,152 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. raised their price target on shares of easyJet from GBX 670 to GBX 700 and gave the company an "overweight" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, easyJet presently has a consensus rating of "Buy" and an average target price of GBX 700.
Read Our Latest Stock Analysis on EZJ
easyJet Price Performance
The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. The company has a market capitalization of £3.82 billion, a P/E ratio of 10.21, a P/E/G ratio of 0.59 and a beta of 2.49. The business's fifty day moving average price is GBX 512.25 and its 200-day moving average price is GBX 509.39.
Insider Activity
In related news, insider Elyes Mrad acquired 14,000 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was bought at an average cost of GBX 588 per share, with a total value of £82,320. Corporate insiders own 16.74% of the company's stock.
About easyJet
(
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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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