easyJet (LON:EZJ) Share Price Passes Above 200-Day Moving Average of $495.84

easyJet plc (LON:EZJ) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 495.84 ($6.12) and traded as high as GBX 544.80 ($6.73). easyJet shares last traded at GBX 538.20 ($6.65), with a volume of 1,895,713 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays reaffirmed an “overweight” rating and set a GBX 700 ($8.65) target price on shares of easyJet in a report on Tuesday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of easyJet from GBX 690 ($8.52) to GBX 680 ($8.40) and set an “overweight” rating for the company in a report on Tuesday, February 27th.

easyJet Trading Up 1.0 %

The business’s 50-day moving average price is GBX 547.60 and its two-hundred day moving average price is GBX 496.64. The company has a market capitalization of £4.05 billion, a P/E ratio of 1,251.63, a PEG ratio of 2.31 and a beta of 2.58. 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 declared a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, February 22nd were given a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a dividend yield of 0.9%. easyJet’s dividend payout ratio is 1,162.79%.

easyJet Company Profile

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.