easyJet (LON:EZJ) Earns Outperform Rating from Royal Bank Of Canada

easyJet (LON:EZJ)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research note issued to investors on Monday,London Stock Exchange reports. They presently have a GBX 405 target price on the stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 6.88% from the stock’s previous close.

Several other brokerages have also recently issued reports on EZJ. Deutsche Bank Aktiengesellschaft dropped their price target on easyJet from GBX 465 to GBX 340 and set a “sell” rating on the stock in a research report on Thursday, March 19th. Citigroup dropped their price target on easyJet from GBX 500 to GBX 490 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. JPMorgan Chase & Co. dropped their price target on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a research report on Wednesday, April 15th. Finally, UBS Group restated a “buy” rating and issued a GBX 635 price target on shares of easyJet in a research report on Monday, May 18th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 550.

easyJet Stock Up 9.3%

easyJet stock opened at GBX 434.90 on Monday. easyJet has a fifty-two week low of GBX 332.60 and a fifty-two week high of GBX 590.60. The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10. The company has a market capitalization of £3.25 billion, a P/E ratio of 6.72, a PEG ratio of 0.59 and a beta of 1.71. The stock has a 50-day simple moving average of GBX 364.65 and a 200-day simple moving average of GBX 436.30.

easyJet (LON:EZJ) last posted its earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The firm had revenue of GBX 395 million during the quarter. Equities research analysts expect that easyJet will post 67.3369565 earnings per share for the current year.

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.