easyJet’s (EZJ) Outperform Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of easyJet (LON:EZJ) in a report published on Monday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has a GBX 590 target price on the stock.

A number of other research analysts also recently issued reports on the stock. Panmure Gordon boosted their target price on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research report on Tuesday, November 25th. UBS Group reiterated a “buy” rating and set a GBX 800 price objective on shares of easyJet in a report on Friday, January 16th. Peel Hunt restated a “buy” rating and issued a GBX 850 target price on shares of easyJet in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft lowered easyJet to a “sell” rating and decreased their target price for the company from GBX 535 to GBX 465 in a research report on Thursday, January 15th. Finally, Citigroup reduced their price objective on easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 625.

easyJet Stock Up 2.8%

Shares of LON:EZJ opened at GBX 491 on Monday. easyJet has a 1 year low of GBX 401.05 and a 1 year high of GBX 590.60. The company has a debt-to-equity ratio of 110.33, a current ratio of 1.02 and a quick ratio of 1.09. The business’s 50-day moving average is GBX 494.64 and its 200-day moving average is GBX 485.85. The company has a market capitalization of £3.67 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 0.59 and a beta of 2.49.

easyJet (LON:EZJ) last released 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 predict that easyJet will post 67.3369565 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Harald Eisenächer acquired 4,000 shares of the stock in a transaction dated Wednesday, November 26th. The stock was purchased at an average cost of GBX 476 per share, with a total value of £19,040. Over the last three months, insiders purchased 4,061 shares of company stock worth $1,933,698. Insiders own 15.15% of the company’s stock.

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.