easyJet (LON:EZJ) Shares Cross Above 200-Day Moving Average – Time to Sell?

easyJet plc (LON:EZJ) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 474.34 and traded as high as GBX 674.20. easyJet shares last traded at GBX 669.60, with a volume of 5,298,271 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 340 price objective on shares of easyJet in a research report on Tuesday, June 2nd. UBS Group restated a “buy” rating and set a GBX 635 price target on shares of easyJet in a research note on Monday, May 18th. JPMorgan Chase & Co. raised their price target on shares of easyJet from GBX 360 to GBX 715 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada cut shares of easyJet to a “sector perform” rating and set a GBX 600 price target on the stock. in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, easyJet has a consensus rating of “Hold” and an average target price of GBX 630.

easyJet Stock Up 0.1%

The company has a market capitalization of £5.01 billion, a PE ratio of 12.40, a PEG ratio of 0.59 and a beta of 1.72. 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 stock’s 50 day moving average is GBX 606.26 and its 200 day moving average is GBX 475.68.

easyJet (LON:EZJ) last issued its earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. The business had revenue of GBX 395 million for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. On average, sell-side analysts anticipate that easyJet plc will post 67.3369565 EPS 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.