easyJet (LON:EZJ) Downgraded to “Sector perform” Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of easyJet (LON:EZJ) to a sector perform rating in a research report sent to investors on Friday, MarketBeat.com reports. Royal Bank Of Canada currently has GBX 600 price target on the stock.

Several other equities analysts have also recently weighed in on EZJ. UBS Group reaffirmed a “buy” rating and set a GBX 635 target price on shares of easyJet in a research note on Monday, May 18th. JPMorgan Chase & Co. increased their price objective on shares of easyJet from GBX 340 to GBX 360 and gave the company an “underweight” rating in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 340 price objective on shares of easyJet in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 630.

easyJet Stock Up 0.1%

LON EZJ opened at GBX 671 on Friday. easyJet has a 12 month low of GBX 332.60 and a 12 month high of GBX 683.80. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36. The stock has a market cap of £5.02 billion, a PE ratio of 12.40, a P/E/G ratio of 0.59 and a beta of 1.70. The stock’s 50 day moving average is GBX 573.22 and its 200 day moving average is GBX 464.98.

easyJet (LON:EZJ) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. The company had revenue of GBX 395 million for the quarter. Research analysts predict that easyJet 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.