easyJet (LON:EZJ) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• easyJet shares rose above their 200-day moving average, reaching GBX 682.20 and last trading at GBX 679 on heavy volume of more than 45 million shares.
• Analysts have raised price targets, with Royal Bank of Canada and JPMorgan both setting targets of GBX 715. However, the broader analyst consensus remains “Hold”, with an average target of GBX 646.43—below the current share price.
• easyJet has a market capitalization of about £5.08 billion, a P/E ratio of 12.55 and a beta of 1.67, while operating 347 aircraft across 1,099 routes in 35 countries.

easyJet plc (LON:EZJ - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 557.33 and traded as high as GBX 682.20. easyJet shares last traded at GBX 679, with a volume of 45,297,352 shares changing hands.

Wall Street Analysts Forecast Growth

EZJ has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on easyJet from GBX 600 to GBX 715 and gave the company a "sector perform" rating in a report on Friday, August 21st. JPMorgan Chase & Co. upped their target price on easyJet from GBX 360 to GBX 715 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 646.43.

easyJet Price Performance

The stock's fifty day moving average is GBX 674.18 and its 200-day moving average is GBX 557.33. The stock has a market capitalization of £5.08 billion, a PE ratio of 12.55, a P/E/G ratio of 0.59 and a beta of 1.67. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

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. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.