easyJet (LON:EZJ) Shares Cross Above Two Hundred Day Moving Average of $1,039.28
easyJet plc (LON:EZJ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1,039.28 and traded as high as $1,033.50. easyJet shares last traded at $1,033.50, with a volume of 2,533,964 shares changing hands.
A number of equities analysts have weighed in on the stock. Oddo Bhf set a GBX 1,170 ($15.29) target price on shares of easyJet and gave the stock a “neutral” rating in a research report on Monday, May 20th. Oddo Securities cut easyJet to a “reduce” rating and reduced their target price for the company from GBX 1,170 ($15.29) to GBX 1,050 ($13.72) in a research note on Tuesday, July 9th. UBS Group set a GBX 1,080 ($14.11) price target on easyJet and gave the company a “neutral” rating in a research report on Thursday, July 18th. Berenberg Bank set a GBX 1,150 ($15.03) price target on easyJet and gave the stock a “buy” rating in a research note on Friday, July 19th. Finally, HSBC set a GBX 1,000 ($13.07) price objective on easyJet and gave the stock a “neutral” rating in a report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,174.86 ($15.35).
The stock’s fifty day moving average price is GBX 962.15 and its 200 day moving average price is GBX 1,039.28. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 58.86. The stock has a market cap of $4.09 billion and a PE ratio of 21.13.
About easyJet (LON:EZJ)
easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.
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