easyJet (LON:EZJ) Shares Cross Above 200-Day Moving Average of $492.14

easyJet plc (LON:EZJ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 492.14 ($6.13) and traded as high as GBX 547 ($6.81). easyJet shares last traded at GBX 530 ($6.60), with a volume of 5,736,225 shares trading hands.

Analyst Upgrades and Downgrades

EZJ has been the topic of a number of research reports. Barclays restated an “overweight” rating and set a GBX 700 ($8.71) price target on shares of easyJet in a research report on Tuesday, February 6th. JPMorgan Chase & Co. decreased their price objective on easyJet from GBX 690 ($8.59) to GBX 680 ($8.47) and set an “overweight” rating on the stock in a report on Tuesday, February 27th.

easyJet Stock Down 1.9 %

The company has a debt-to-equity ratio of 104.20, a quick ratio of 1.09 and a current ratio of 1.00. The stock’s 50 day moving average price is GBX 549.73 and its 200-day moving average price is GBX 492.14. The company has a market cap of £3.91 billion, a PE ratio of 1,232.56, a PEG ratio of 2.31 and a beta of 2.58.

easyJet Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, February 22nd were given a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date was Thursday, February 22nd. This represents a yield of 0.9%. easyJet’s payout ratio is 1,162.79%.

easyJet Company Profile

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.