easyJet (LON:EZJ) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

easyJet (LON:EZJ) had its target price hoisted by analysts at Royal Bank Of Canada from GBX 600 to GBX 715 in a research note issued on Friday,London Stock Exchange reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 6.08% from the stock’s previous close.

A number of other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and set a GBX 340 price target on shares of easyJet in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price objective on easyJet from GBX 360 to GBX 715 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, UBS Group restated a “buy” rating and issued a GBX 635 price objective on shares of easyJet in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, easyJet has a consensus rating of “Hold” and an average target price of GBX 646.43.

easyJet Trading Up 0.4%

LON:EZJ opened at GBX 674 on Friday. easyJet has a 52 week low of GBX 332.60 and a 52 week high of GBX 683.80. The firm has a 50-day moving average price of GBX 613.30 and a two-hundred day moving average price of GBX 478.31. The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10. The firm has a market cap of £5.04 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 0.59 and a beta of 1.72.

easyJet (LON:EZJ) last announced its earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. The business had revenue of GBX 395 million during the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%. On average, equities analysts expect that easyJet will post 67.3369565 earnings per share for the current fiscal year.

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.