Royal Bank Of Canada Has Lowered Expectations for easyJet (LON:EZJ) Stock Price

easyJet (LON:EZJ) had its price objective dropped by research analysts at Royal Bank Of Canada from GBX 440 to GBX 415 in a research report issued on Friday, MarketBeat reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 5.30% from the company’s current price.

Several other research firms have also recently weighed in on EZJ. JPMorgan Chase & Co. cut their target price on easyJet from GBX 400 to GBX 350 and set an “underweight” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of easyJet from GBX 465 to GBX 340 and set a “sell” rating for the company in a report on Thursday, March 19th. UBS Group reiterated a “buy” rating and set a GBX 800 price target on shares of easyJet in a report on Friday, January 16th. Finally, Citigroup lowered their price target on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a report on Monday, February 2nd. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 575.

easyJet Stock Up 6.1%

LON EZJ opened at GBX 394.10 on Friday. The business has a fifty day moving average price of GBX 408.29 and a two-hundred day moving average price of GBX 459.22. The company has a debt-to-equity ratio of 83.65, a current ratio of 1.11 and a quick ratio of 1.09. easyJet has a fifty-two week low of GBX 337.10 and a fifty-two week high of GBX 590.60. The stock has a market capitalization of £2.95 billion, a PE ratio of 6.09, a PEG ratio of 0.59 and a beta of 1.76.

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.