easyJet (LON:EZJ) Price Target Raised to GBX 360 at JPMorgan Chase & Co.

easyJet (LON:EZJ) had its target price raised by equities research analysts at JPMorgan Chase & Co. from GBX 340 to GBX 360 in a research report issued to clients and investors on Friday,Digital Look reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 34.26% from the company’s previous close.

Several other equities research analysts also recently issued reports on EZJ. Citigroup increased their price objective on easyJet from GBX 5,000 to GBX 5,800 and gave the stock a “neutral” rating in a research note on Tuesday. 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. Royal Bank Of Canada upgraded easyJet to a “sector perform” rating and upped their target price for the company from GBX 405 to GBX 600 in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 340 price target on shares of easyJet in a research report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 1,337.86.

easyJet Stock Down 1.9%

Shares of LON:EZJ opened at GBX 547.60 on Friday. 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 company has a market cap of £4.09 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.59 and a beta of 1.73. easyJet has a 52 week low of GBX 332.60 and a 52 week high of GBX 621. The firm has a 50 day simple moving average of GBX 432.55 and a 200 day simple moving average of GBX 441.53.

easyJet (LON:EZJ) last announced its earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. The firm 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%. As a group, research analysts expect that easyJet will post 67.3369565 earnings per share for the current 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.