easyJet (LON:EZJ) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• easyJet's stock price has recently surpassed its 200-day moving average at GBX 502.46, with shares trading as high as GBX 510.20.
• Analysts have mixed views on easyJet, with Jefferies maintaining a "buy" rating, while Deutsche Bank has downgraded their price target from GBX 600 to GBX 535.
• Insider Sue Clark purchased 7,680 shares of easyJet at an average price of GBX 459, reflecting confidence in the company's potential.

Shares of easyJet plc (LON:EZJ - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 502.46 ($6.74) and traded as high as GBX 510.20 ($6.84). easyJet shares last traded at GBX 486.36 ($6.52), with a volume of 7,914,260 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of easyJet in a report on Wednesday. Jefferies Financial Group reissued a "buy" rating on shares of easyJet in a report on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on easyJet from GBX 600 to GBX 535 and set a "hold" rating for the company in a report on Friday, September 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of GBX 617.50.

easyJet Stock Performance

The stock has a 50 day simple moving average of GBX 479.71 and a two-hundred day simple moving average of GBX 502.46. The company has a market capitalization of £3.65 billion, a price-to-earnings ratio of 894.04, a PEG ratio of 0.59 and a beta of 2.49. The company has a debt-to-equity ratio of 110.33, a current ratio of 1.02 and a quick ratio of 1.09.

Insiders Place Their Bets

In other easyJet news, insider Sue Clark acquired 7,680 shares of the stock in a transaction on Thursday, September 18th. The shares were bought at an average price of GBX 459 per share, with a total value of £35,251.20. Corporate insiders own 15.15% of the company's stock.

easyJet Company Profile

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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