easyJet plc (LON:EZJ) Receives Average Recommendation of “Hold” from Analysts

Shares of easyJet plc (LON:EZJ) have earned an average recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 625.

A number of research firms have recently commented on EZJ. Panmure Gordon lifted their target price on easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. JPMorgan Chase & Co. cut easyJet to an “underweight” rating and reduced their price objective for the company from GBX 500 to GBX 400 in a research note on Monday, December 1st. Peel Hunt reissued a “buy” rating and issued a GBX 850 price objective on shares of easyJet in a report on Tuesday, November 25th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 590 target price on shares of easyJet in a research report on Monday, February 2nd. Finally, UBS Group reiterated a “buy” rating and issued a GBX 800 price target on shares of easyJet in a research report on Friday, January 16th.

easyJet Trading Down 2.6%

Shares of easyJet stock opened at GBX 422.28 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 83.65. The company has a fifty day simple moving average of GBX 485.80 and a 200-day simple moving average of GBX 482.37. The stock has a market cap of £3.16 billion, a price-to-earnings ratio of 6.53, a PEG ratio of 0.59 and a beta of 1.74. easyJet has a 12-month low of GBX 401.05 and a 12-month high of GBX 590.60.

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