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

easyJet (LON:EZJ) had its price objective lifted by JPMorgan Chase & Co. from GBX 360 to GBX 715 in a research note issued to investors on Friday, Marketbeat.com reports. They currently have a neutral rating on the stock.

Several other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 340 price target on shares of easyJet in a research note on Tuesday, June 2nd. Royal Bank Of Canada cut easyJet to a “sector perform” rating and set a GBX 600 price objective on the stock. in a report on Friday. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 635 target price on shares of easyJet in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 630.

easyJet Price Performance

Shares of LON:EZJ opened at GBX 671 on Friday. The company’s fifty day moving average price is GBX 573.22 and its 200-day moving average price is GBX 464.98. The firm has a market capitalization of £5.02 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.59 and a beta of 1.70. easyJet has a one year low of GBX 332.60 and a one year high of GBX 683.80. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

easyJet (LON:EZJ) last posted its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%.The company had revenue of GBX 395 million for the quarter. On average, equities research analysts anticipate that easyJet will post 67.3369565 earnings per share for the current fiscal 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.