easyJet (LON:EZJ) Price Target Cut to GBX 405 by Analysts at Royal Bank Of Canada

easyJet (LON:EZJ) had its price objective decreased by equities research analysts at Royal Bank Of Canada from GBX 415 to GBX 405 in a research note issued on Friday,London Stock Exchange reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 14.60% from the stock’s current price.

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. UBS Group restated a “buy” rating and issued a GBX 635 price target on shares of easyJet in a research report on Monday. 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, 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. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 550.

easyJet Stock Up 0.9%

EZJ opened at GBX 353.40 on Friday. The stock has a market capitalization of £2.64 billion, a P/E ratio of 5.46, a price-to-earnings-growth ratio of 0.59 and a beta of 1.71. easyJet has a one year low of GBX 332.60 and a one year high of GBX 590.60. The business’s 50-day simple moving average is GBX 363.36 and its 200-day simple moving average is GBX 440.36. The company has a debt-to-equity ratio of 83.65, a quick ratio of 1.09 and a current ratio of 1.11.

easyJet (LON:EZJ) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. The company had revenue of GBX 395 million during the quarter. easyJet had a net margin of 4.89% and a return on equity of 16.07%. Analysts anticipate that easyJet will post 67.3369565 EPS for the current year.

About easyJet

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.