easyJet (LON:EZJ) Given New GBX 490 Price Target at Citigroup

easyJet (LON:EZJ) had its target price cut by Citigroup from GBX 500 to GBX 490 in a report issued on Monday morning, MarketBeat.com reports. They currently have a neutral rating on the stock.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered easyJet to an “underweight” rating and cut their price objective for the stock from GBX 500 to GBX 400 in a report on Monday, December 1st. Deutsche Bank Aktiengesellschaft lowered shares of easyJet to a “sell” rating and dropped their target price for the company from GBX 535 to GBX 465 in a research report on Thursday, January 15th. Panmure Gordon increased their price target on shares of easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a report on Tuesday, November 25th. UBS Group restated a “buy” rating and set a GBX 800 price objective on shares of easyJet in a research report on Friday, January 16th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 850 price objective on shares of easyJet in a report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, easyJet currently has a consensus rating of “Hold” and a consensus target price of GBX 625.

easyJet Trading Up 2.8%

easyJet stock opened at GBX 491 on Monday. The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. easyJet has a fifty-two week low of GBX 401.05 and a fifty-two week high of GBX 590.60. The stock has a market cap of £3.67 billion, a P/E ratio of 7.59, a PEG ratio of 0.59 and a beta of 2.49. The firm’s fifty day moving average price is GBX 494.64 and its 200-day moving average price is GBX 485.85.

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

Insider Buying and Selling

In other easyJet news, insider Harald Eisenächer purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average cost of GBX 476 per share, with a total value of £19,040. Insiders have purchased 4,061 shares of company stock worth $1,933,698 in the last quarter. 15.15% of the stock is owned by company insiders.

easyJet Company Profile

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. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.