easyJet (LON:EZJ) Share Price Crosses Above 200-Day Moving Average of $495.84

easyJet plc (LON:EZJ)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 495.84 ($6.12) and traded as high as GBX 544.80 ($6.73). easyJet shares last traded at GBX 538.20 ($6.65), with a volume of 1,895,713 shares.

Analyst Ratings Changes

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on easyJet from GBX 690 ($8.52) to GBX 680 ($8.40) and set an “overweight” rating for the company in a research note on Tuesday, February 27th. Barclays reiterated an “overweight” rating and set a GBX 700 ($8.65) price objective on shares of easyJet in a research note on Tuesday, February 6th.

easyJet Price Performance

The firm has a market cap of £4.05 billion, a P/E ratio of 1,251.63, a PEG ratio of 2.31 and a beta of 2.58. The company has a fifty day moving average price of GBX 548.06 and a two-hundred day moving average price of GBX 495.84. The company has a current ratio of 1.00, a quick ratio of 1.09 and a debt-to-equity ratio of 104.20.

easyJet Cuts Dividend

The business 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. This represents a dividend yield of 0.9%. The ex-dividend date was Thursday, February 22nd. easyJet’s dividend payout ratio (DPR) 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.