JPMorgan Chase & Co. Issues Positive Forecast for easyJet (LON:EZJ) Stock Price

easyJet (LON:EZJ) had its price objective raised by investment analysts at JPMorgan Chase & Co. from GBX 360 to GBX 715 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 7.13% from the company’s current price.

EZJ has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 340 target price on shares of easyJet in a report on Tuesday, June 2nd. Royal Bank Of Canada downgraded easyJet to a “sector perform” rating and set a GBX 600 price target for the company. in a report on Friday. Finally, UBS Group reissued a “buy” rating and issued a GBX 635 price objective on shares of easyJet in a research report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 630.

easyJet Trading Down 0.4%

LON EZJ opened at GBX 667.40 on Friday. The firm has a market capitalization of £4.99 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.59 and a beta of 1.70. The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10. easyJet has a one year low of GBX 332.60 and a one year high of GBX 683.80. The company’s 50 day moving average price is GBX 567.76 and its 200 day moving average price is GBX 463.53.

easyJet (LON:EZJ) last released its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) earnings per share (EPS) for the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%.The business had revenue of GBX 395 million for the quarter. On average, sell-side analysts predict that easyJet will post 67.3369565 EPS 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.