Citigroup Has Lowered Expectations for easyJet (LON:EZJ) Stock Price

easyJet (LON:EZJ) had its target price dropped by analysts at Citigroup from GBX 520 to GBX 500 in a research note issued on Wednesday, Marketbeat Ratings reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 3.09% from the stock’s previous close.

A number of other equities analysts have also weighed in on EZJ. Deutsche Bank Aktiengesellschaft reduced their target price on shares of easyJet from GBX 600 to GBX 535 and set a “hold” rating for the company in a research note on Friday, September 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of easyJet in a research report on Wednesday, October 15th. Jefferies Financial Group reissued a “buy” rating on shares of easyJet in a research report on Monday, September 22nd. Panmure Gordon upped their price target on easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 850 price objective on shares of easyJet in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, easyJet has a consensus rating of “Moderate Buy” and an average price target of GBX 673.

easyJet Price Performance

LON EZJ opened at GBX 485 on Wednesday. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. The stock has a market cap of £3.64 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.59 and a beta of 2.49. The business has a 50 day simple moving average of GBX 472.76 and a 200 day simple moving average of GBX 503.16. easyJet has a 52-week low of GBX 401.05 and a 52-week high of GBX 594.

easyJet (LON:EZJ) last announced its quarterly earnings results on Tuesday, November 25th. The company reported GBX 66.40 earnings per share for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. Analysts anticipate that easyJet will post 67.3369565 earnings per share for the current fiscal year.

Insider Transactions at easyJet

In other easyJet news, insider Harald Eisenächer acquired 4,000 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average price of GBX 476 per share, for a total transaction of £19,040. Also, insider Sue Clark acquired 7,680 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was acquired at an average cost of GBX 459 per share, with a total value of £35,251.20. Insiders have purchased 11,712 shares of company stock valued at $5,444,160 in the last quarter. 15.15% of the stock is currently owned by corporate insiders.

About easyJet

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.