easyJet (LON:EZJ) Given New GBX 640 Price Target at JPMorgan Chase & Co.

easyJet (LON:EZJ) had its price objective lowered by JPMorgan Chase & Co. from GBX 670 ($8.47) to GBX 640 ($8.10) in a report released on Wednesday, Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 38.26% from the company’s current price.

easyJet Trading Up 4.2 %

EZJ traded up GBX 18.70 ($0.24) during trading on Wednesday, hitting GBX 462.90 ($5.86). 4,174,601 shares of the stock were exchanged, compared to its average volume of 5,007,207. The firm has a 50 day simple moving average of GBX 484.54 and a 200 day simple moving average of GBX 518.50. The firm has a market cap of £3.49 billion, a price-to-earnings ratio of 945.00, a P/E/G ratio of 2.31 and a beta of 2.57. easyJet has a 1 year low of GBX 350 ($4.43) and a 1 year high of GBX 591.07 ($7.48). The company has a debt-to-equity ratio of 132.04, a quick ratio of 1.09 and a current ratio of 1.03.

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.