easyJet (LON:EZJ) Price Target Cut to GBX 340 by Analysts at Deutsche Bank Aktiengesellschaft

easyJet (LON:EZJ) had its target price trimmed by Deutsche Bank Aktiengesellschaft from GBX 465 to GBX 340 in a research note published on Thursday morning, MarketBeat Ratings reports. The firm currently has a sell rating on the stock.

Other equities analysts also recently issued reports about the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 850 price target on shares of easyJet in a research note 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 report on Monday, December 1st. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 590 target price on shares of easyJet in a research note on Monday, February 2nd. UBS Group reaffirmed a “buy” rating and issued a GBX 800 target price on shares of easyJet in a research report on Friday, January 16th. Finally, Citigroup cut their price target on easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 607.14.

easyJet Stock Down 4.5%

EZJ stock opened at GBX 350.73 on Thursday. The company has a 50 day moving average of GBX 457.75 and a two-hundred day moving average of GBX 473.21. The company has a market cap of £2.62 billion, a price-to-earnings ratio of 5.42, a PEG ratio of 0.59 and a beta of 1.71. easyJet has a 12-month low of GBX 350 and a 12-month high of GBX 590.60. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 83.65.

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.