easyJet (LON:EZJ) Stock Crosses Below 200-Day Moving Average - What's Next?

Key Points

• easyJet crossed below its 200-day moving average (200‑day MA GBX 463.16) on Tuesday, trading as low as GBX 352.80 and last at GBX 357.20 on a volume of 7,057,107 shares.
• Analysts are mixed — five Buy, one Hold and two Sell — with price targets ranging from GBX 340 (Deutsche Bank) to GBX 800 (UBS), leaving a MarketBeat consensus of "Hold" and an average target of GBX 607.14.
• The stock appears cheaply valued on metrics (market cap £2.97bn, P/E 6.14, PEG 0.59) but carries relatively high leverage (debt-to-equity 83.65), which could influence risk perceptions.

easyJet plc (LON:EZJ - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 463.16 and traded as low as GBX 352.80. easyJet shares last traded at GBX 357.20, with a volume of 7,057,107 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on EZJ shares. UBS Group reaffirmed a "buy" rating and issued a GBX 800 price objective on shares of easyJet in a report on Friday, January 16th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 590 price objective on shares of easyJet in a report on Monday, February 2nd. Citigroup dropped their price objective on easyJet from GBX 500 to GBX 490 and set a "neutral" rating for the company in a report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on easyJet from GBX 465 to GBX 340 and set a "sell" rating for the company in a research report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 607.14.

easyJet Stock Up 11.1%

The firm has a 50 day moving average of GBX 424.36 and a two-hundred day moving average of GBX 463.16. The firm has a market capitalization of £2.97 billion, a price-to-earnings ratio of 6.14, a price-to-earnings-growth ratio of 0.59 and a beta of 1.76. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 83.65.

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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