easyJet’s (EZJ) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of easyJet (LON:EZJ) in a research note issued to investors on Wednesday morning, Marketbeat.com reports.

Separately, Barclays reaffirmed an overweight rating and set a GBX 700 ($8.79) target price on shares of easyJet in a research report on Tuesday, February 6th.

easyJet Trading Up 0.1 %

LON:EZJ opened at GBX 525.53 ($6.60) on Wednesday. easyJet has a 12 month low of GBX 350 ($4.40) and a 12 month high of GBX 591.07 ($7.43). The firm has a market cap of £3.96 billion, a price-to-earnings ratio of 1,220.47, a P/E/G ratio of 2.31 and a beta of 2.58. The company has a quick ratio of 1.09, a current ratio of 1.00 and a debt-to-equity ratio of 104.20. The company’s 50 day moving average is GBX 544.34 and its 200-day moving average is GBX 505.17.

easyJet Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, February 22nd were paid a GBX 4.50 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a dividend yield of 0.9%. easyJet’s dividend payout ratio (DPR) is presently 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.