easyJet (LON:EZJ) Price Target Cut to GBX 500 by Analysts at Citigroup

easyJet (LON:EZJ) had its price objective cut by Citigroup from GBX 520 to GBX 500 in a report released on Wednesday,London Stock Exchange reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 5.10% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Panmure Gordon boosted their price target on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price target on easyJet from GBX 600 to GBX 535 and set a “hold” rating for the company in a report on Friday, September 19th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of easyJet in a research report on Wednesday, October 15th. Peel Hunt restated a “buy” rating and issued a GBX 850 price objective on shares of easyJet in a report on Tuesday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of easyJet in a report on Monday, September 22nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, easyJet has an average rating of “Moderate Buy” and a consensus target price of GBX 673.

easyJet Stock Performance

Shares of LON EZJ traded up GBX 2.66 during midday trading on Wednesday, reaching GBX 475.76. 22,037,432 shares of the stock were exchanged, compared to its average volume of 13,266,048. The company has a quick ratio of 1.09, a current ratio of 1.02 and a debt-to-equity ratio of 110.33. The firm has a market cap of £3.57 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.59 and a beta of 2.49. The firm has a 50-day simple moving average of GBX 471.43 and a two-hundred day simple moving average of GBX 503.43. easyJet has a twelve month low of GBX 401.05 and a twelve month high of GBX 594.

easyJet (LON:EZJ) last announced its earnings results on Tuesday, November 25th. The company reported GBX 66.40 earnings per share (EPS) for the quarter. easyJet had a return on equity of 13.89% and a net margin of 4.27%. As a group, analysts anticipate that easyJet will post 67.3369565 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Sue Clark bought 7,680 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was acquired at an average cost of GBX 459 per share, with a total value of £35,251.20. 15.15% of the stock is currently owned by insiders.

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.