easyJet (LON:EZJ) Earns “Sector Perform” Rating from Royal Bank Of Canada

easyJet (LON:EZJ)‘s stock had its “sector perform” rating reiterated by analysts at Royal Bank Of Canada in a research report issued on Monday,London Stock Exchange reports. They presently have a GBX 600 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 2.66% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Citigroup increased their target price on easyJet from GBX 5,000 to GBX 5,800 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 340 target price on shares of easyJet in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their target price on shares of easyJet from GBX 340 to GBX 360 and gave the stock an “underweight” rating in a report on Friday. Finally, UBS Group reiterated a “buy” rating and set a GBX 635 price target on shares of easyJet in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 1,337.86.

easyJet Stock Up 10.4%

easyJet stock opened at GBX 616.40 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 82.36. easyJet has a 12-month low of GBX 332.60 and a 12-month high of GBX 621.80. The firm’s fifty day moving average is GBX 436.41 and its 200 day moving average is GBX 441.96. The company has a market capitalization of £4.61 billion, a PE ratio of 11.39, a PEG ratio of 0.59 and a beta of 1.73.

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