JPMorgan Chase & Co. Issues Pessimistic Forecast for easyJet (LON:EZJ) Stock Price

easyJet (LON:EZJ) had its price target cut by research analysts at JPMorgan Chase & Co. from GBX 400 to GBX 350 in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 5.81% from the company’s previous close.

EZJ has been the subject of a number of other reports. UBS Group restated a “buy” rating and set a GBX 800 price objective on shares of easyJet in a research note on Friday, January 16th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 590 price objective on shares of easyJet in a research note on Monday, February 2nd. Citigroup decreased 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, February 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on easyJet from GBX 465 to GBX 340 and set a “sell” rating for the company in a research note on Thursday, March 19th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 600.

easyJet Trading Down 5.0%

Shares of LON EZJ opened at GBX 371.60 on Wednesday. The company has a debt-to-equity ratio of 83.65, a current ratio of 1.11 and a quick ratio of 1.09. The stock has a market capitalization of £2.78 billion, a P/E ratio of 5.74, a price-to-earnings-growth ratio of 0.59 and a beta of 1.76. easyJet has a 1-year low of GBX 337.10 and a 1-year high of GBX 590.60. The business has a fifty day moving average price of GBX 410.10 and a 200 day moving average price of GBX 459.71.

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.