easyJet (LON:EZJ) Stock Price Passes Above Two Hundred Day Moving Average of $492.14

easyJet plc (LON:EZJ)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 492.14 ($6.13) and traded as high as GBX 547 ($6.81). easyJet shares last traded at GBX 530 ($6.60), with a volume of 5,736,225 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EZJ shares. Barclays restated an “overweight” rating and issued a GBX 700 ($8.71) price objective on shares of easyJet in a report on Tuesday, February 6th. JPMorgan Chase & Co. decreased their price objective on shares of easyJet from GBX 690 ($8.59) to GBX 680 ($8.47) and set an “overweight” rating for the company in a research note on Tuesday, February 27th.

easyJet Price Performance

The company has a market cap of £4.03 billion, a price-to-earnings ratio of 1,244.65, a P/E/G ratio of 2.31 and a beta of 2.58. The company’s 50-day simple moving average is GBX 549.44 and its 200-day simple moving average is GBX 492.85. The company has a debt-to-equity ratio of 104.20, a current ratio of 1.00 and a quick ratio of 1.09.

easyJet Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 22nd. Shareholders of record on Thursday, February 22nd were given a GBX 4.50 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a yield of 0.9%. easyJet’s payout ratio is currently 1,162.79%.

About easyJet

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.