easyJet (LON:EZJ) Reaches New 12-Month High – What’s Next?

easyJet plc (LON:EZJ)’s share price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 683.80 and last traded at GBX 682.80, with a volume of 3332640 shares trading hands. The stock had previously closed at GBX 679.60.

Analyst Ratings Changes

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

easyJet Stock Performance

The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36. The firm has a market cap of £5.09 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.59 and a beta of 1.72. The firm has a fifty day moving average price of GBX 668.94 and a 200 day moving average price of GBX 531.40.

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.