easyJet (LON:EZJ) Shares Pass Above 200 Day Moving Average of $503.97

Shares of easyJet plc (LON:EZJ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 503.97 ($6.33) and traded as high as GBX 551.80 ($6.93). easyJet shares last traded at GBX 541.60 ($6.80), with a volume of 1,880,400 shares.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EZJ shares. Barclays reissued an “overweight” rating and set a GBX 700 ($8.79) price target on shares of easyJet in a research note on Tuesday, February 6th. JPMorgan Chase & Co. reduced their price target on easyJet from GBX 690 ($8.67) to GBX 680 ($8.54) and set an “overweight” rating for the company in a research report on Tuesday, February 27th.

easyJet Trading Up 1.6 %

The company has a 50 day moving average of GBX 545.66 and a two-hundred day moving average of GBX 503.97. 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 has a market capitalization of £4.15 billion, a PE ratio of 1,259.53, a P/E/G 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 issued a GBX 4.50 ($0.06) dividend. This represents a yield of 0.9%. The ex-dividend date of this dividend was Thursday, February 22nd. 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.