easyJet (LON:EZJ) Stock Breaks Above 200-Day Moving Average – What’s Next?

easyJet plc (LON:EZJ) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 557.33 and traded as high as GBX 682.20. easyJet shares last traded at GBX 679, with a volume of 45,297,352 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of easyJet from GBX 360 to GBX 715 and gave the company a “neutral” rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price objective on shares of easyJet from GBX 600 to GBX 715 and gave the stock a “sector perform” rating in a research note on Friday, August 21st. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 646.43.

easyJet Stock Performance

The firm has a market capitalization of £5.08 billion, a PE ratio of 12.55, a P/E/G ratio of 0.59 and a beta of 1.67. The business has a 50-day simple moving average of GBX 674.18 and a 200-day simple moving average of GBX 557.33. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

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. easyJet is one of the largest airlines in the world, with 347 aircraft, operating 1,099 routes across 35 countries and 160 airports.