easyJet (LON:EZJ) Reaches New 12-Month High – Here’s What Happened

easyJet plc (LON:EZJ) reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 690.60 and last traded at GBX 690.60, with a volume of 2,162,553 shares trading hands. The stock had previously closed at GBX 687.

Analyst Ratings Changes

A number of analysts recently commented on EZJ shares. JPMorgan Chase & Co. upped their price target on shares of easyJet from GBX 360 to GBX 715 and gave the company a “neutral” rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price objective on shares of easyJet from GBX 600 to GBX 715 and gave the company a “sector perform” rating in a research note on Friday, August 21st. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, easyJet currently has an average rating of “Hold” and a consensus target price of GBX 646.43.

easyJet Stock Down 0.1%

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 firm has a market cap of £5.14 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.59 and a beta of 1.67. The stock has a fifty day simple moving average of GBX 677.10 and a two-hundred day simple moving average of GBX 535.42.

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.