easyJet (LON:EZJ) Upgraded to Sector Perform at Royal Bank Of Canada

easyJet (LON:EZJ) was upgraded by stock analysts at Royal Bank Of Canada to a “sector perform” rating in a report released on Tuesday,London Stock Exchange reports. The brokerage currently has a GBX 600 target price on the stock, up from their prior target price of GBX 405. Royal Bank Of Canada’s price objective would indicate a potential upside of 4.33% from the stock’s current price.

A number of other brokerages have also recently weighed in on EZJ. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 340 price objective on shares of easyJet in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. reduced their target price on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a research note on Wednesday, April 15th. Finally, UBS Group reiterated a “buy” rating and set a GBX 635 target price on shares of easyJet in a report 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 given a Sell rating to the company. Based on data from MarketBeat, easyJet presently has a consensus rating of “Hold” and a consensus price target of GBX 1,336.43.

easyJet Price Performance

Shares of LON EZJ opened at GBX 575.08 on Tuesday. The stock has a market cap of £4.30 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 0.59 and a beta of 1.73. easyJet has a 52 week low of GBX 332.60 and a 52 week high of GBX 621. The company’s 50-day moving average price is GBX 422.12 and its 200 day moving average price is GBX 439.93. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36.

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