easyJet (LON:EZJ) Hits New 1-Year Low Following Analyst Downgrade

Shares of easyJet plc (LON:EZJ) hit a new 52-week low during trading on Monday after Royal Bank Of Canada lowered their price target on the stock from GBX 440 to GBX 415. Royal Bank Of Canada currently has an outperform rating on the stock. easyJet traded as low as GBX 276.25 and last traded at GBX 379.80, with a volume of 86844672 shares. The stock had previously closed at GBX 394.10.

Other equities analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their price target on easyJet from GBX 465 to GBX 340 and set a “sell” rating on the stock in a report on Thursday, March 19th. Citigroup decreased their price target on easyJet from GBX 500 to GBX 490 and set a “neutral” rating on the stock in a report on Monday, February 2nd. JPMorgan Chase & Co. decreased their price target on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a report on Wednesday, April 15th. Finally, UBS Group restated a “buy” rating and set a GBX 800 target price on shares of easyJet in a report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 575.

easyJet Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 83.65. The stock has a market cap of £2.86 billion, a P/E ratio of 5.90, a PEG ratio of 0.59 and a beta of 1.76. The stock has a fifty day simple moving average of GBX 406.21 and a 200-day simple moving average of GBX 458.63.

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.