easyJet (LON:EZJ) Shares Cross Above 200-Day Moving Average of $492.14

easyJet plc (LON:EZJ)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 492.14 ($6.13) and traded as high as GBX 547 ($6.81). easyJet shares last traded at GBX 530 ($6.60), with a volume of 5,736,225 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EZJ. Barclays restated an “overweight” rating and set a GBX 700 ($8.71) price objective on shares of easyJet in a research report on Tuesday, February 6th. JPMorgan Chase & Co. dropped their target price on shares of easyJet from GBX 690 ($8.59) to GBX 680 ($8.47) and set an “overweight” rating for the company in a report on Tuesday, February 27th.

easyJet Stock Performance

The company has a market cap of £3.91 billion, a price-to-earnings ratio of 1,232.56, a P/E/G ratio of 2.31 and a beta of 2.58. The company has a debt-to-equity ratio of 104.20, a quick ratio of 1.09 and a current ratio of 1.00. The company has a fifty day moving average of GBX 549.73 and a two-hundred day moving average of GBX 492.14.

easyJet Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, February 22nd were paid a dividend of GBX 4.50 ($0.06) per share. This represents a dividend yield of 0.9%. The ex-dividend date was Thursday, February 22nd. easyJet’s payout ratio is 1,162.79%.

easyJet Company Profile

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.