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easyJet (LON:EZJ) Stock Price Passes Above 200-Day Moving Average - What's Next?

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Key Points

  • easyJet shares broke above their 200-day moving average, reaching GBX 674.20 before closing at GBX 669.60, with more than 5.3 million shares traded.
  • Analyst views remain mixed: the consensus rating is “Hold”, with an average price target of GBX 630. Targets range from GBX 340 at Deutsche Bank to GBX 715 at JPMorgan.
  • easyJet reported a quarterly loss of GBX 50.10 per share on GBX 395 million in revenue; analysts forecast full-year EPS of approximately 67.34 pence.
  • Five stocks to consider instead of easyJet.

easyJet plc (LON:EZJ - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 474.34 and traded as high as GBX 674.20. easyJet shares last traded at GBX 669.60, with a volume of 5,298,271 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group reissued a "buy" rating and set a GBX 635 target price on shares of easyJet in a research report on Monday, May 18th. JPMorgan Chase & Co. increased their price target on shares of easyJet from GBX 360 to GBX 715 and gave the company a "neutral" rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating and set a GBX 340 price objective on shares of easyJet in a report on Tuesday, June 2nd. Finally, Royal Bank Of Canada cut shares of easyJet to a "sector perform" rating and set a GBX 600 target price for the company. in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of GBX 630.

Read Our Latest Report on EZJ

easyJet Price Performance

The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36. The firm has a market capitalization of £5.01 billion, a PE ratio of 12.38, a P/E/G ratio of 0.59 and a beta of 1.72. The company has a fifty day moving average price of GBX 602.40 and a two-hundred day moving average price of GBX 474.34.

easyJet (LON:EZJ - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. The firm had revenue of GBX 395 million for the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%. Sell-side analysts forecast that easyJet plc will post 67.3369565 earnings per share for the current year.

About easyJet

(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. 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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