Royal Bank Of Canada Issues Positive Forecast for easyJet (LON:EZJ) Stock Price

easyJet (LON:EZJ) had its price target increased by Royal Bank Of Canada from GBX 600 to GBX 715 in a research note released on Friday,London Stock Exchange reports. They currently have a sector perform rating on the stock.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 340 price target on shares of easyJet in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price objective on easyJet from GBX 360 to GBX 715 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, UBS Group reiterated a “buy” rating and set a GBX 635 price objective on shares of easyJet in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, easyJet has an average rating of “Hold” and a consensus target price of GBX 646.43.

easyJet Trading Up 0.4%

easyJet stock opened at GBX 673.60 on Friday. The business’s fifty day moving average is GBX 613.30 and its 200 day moving average is GBX 478.31. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09. The stock has a market capitalization of £5.04 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 0.59 and a beta of 1.72. easyJet has a one year low of GBX 332.60 and a one year high of GBX 683.80.

easyJet (LON:EZJ) last posted its earnings results on Thursday, May 21st. The company reported GBX (50.10) EPS for the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%.The company had revenue of GBX 395 million during the quarter. On average, sell-side analysts predict 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.