easyJet’s (EZJ) Outperform Rating Reiterated at Royal Bank Of Canada

easyJet (LON:EZJ)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued to investors on Monday, Marketbeat.com reports. They currently have a GBX 590 target price on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 21.15% from the company’s previous close.

EZJ has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft cut easyJet to a “sell” rating and reduced their price target for the stock from GBX 535 to GBX 465 in a research report on Thursday, January 15th. Panmure Gordon lifted their price target on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. lowered shares of easyJet to an “underweight” rating and dropped their price target for the stock from GBX 500 to GBX 400 in a research report on Monday, December 1st. Citigroup decreased their price objective on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating on the stock in a research report on Monday. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 800 target price on shares of easyJet in a report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 625.

easyJet Stock Performance

LON EZJ traded up GBX 9.20 during trading hours on Monday, hitting GBX 487. 3,374,868 shares of the company’s stock traded hands, compared to its average volume of 33,585,871. easyJet has a 52 week low of GBX 401.05 and a 52 week high of GBX 590.60. The firm has a market capitalization of £3.64 billion, a P/E ratio of 7.53, a P/E/G ratio of 0.59 and a beta of 2.49. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. The business’s fifty day moving average price is GBX 494.43 and its two-hundred day moving average price is GBX 485.91.

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

Insider Activity at easyJet

In other easyJet news, insider Harald Eisenächer bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average cost of GBX 476 per share, for a total transaction of £19,040. Over the last three months, insiders have bought 4,061 shares of company stock worth $1,933,698. 15.15% of the stock is currently owned by insiders.

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.