easyJet (LON:EZJ) Cut to Sell at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of easyJet (LON:EZJ) to a sell rating in a report released on Thursday morning, MarketBeat reports. They currently have GBX 465 price objective on the stock, down from their previous price objective of GBX 535.

A number of other brokerages have also weighed in on EZJ. Panmure Gordon lifted their price target on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. cut easyJet to an “underweight” rating and reduced their target price for the company from GBX 500 to GBX 400 in a report on Monday, December 1st. Citigroup dropped their price target on easyJet from GBX 520 to GBX 500 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Peel Hunt restated a “buy” rating and issued a GBX 850 price objective on shares of easyJet in a report on Tuesday, November 25th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of easyJet in a report on Monday, September 22nd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, easyJet presently has a consensus rating of “Hold” and a consensus target price of GBX 632.50.

easyJet Stock Up 0.2%

Shares of LON:EZJ opened at GBX 485.10 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.09 and a debt-to-equity ratio of 110.33. The firm has a market cap of £3.63 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 0.59 and a beta of 2.49. The stock’s 50-day moving average price is GBX 491.97 and its two-hundred day moving average price is GBX 489.52. easyJet has a 12-month low of GBX 401.05 and a 12-month high of GBX 590.60.

easyJet (LON:EZJ) last posted its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 EPS for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. On average, research analysts forecast that easyJet will post 67.3369565 EPS for the current year.

Insider Buying and Selling at easyJet

In related news, insider Harald Eisenächer bought 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of GBX 476 per share, with a total value of £19,040. Insiders bought a total of 4,061 shares of company stock valued at $1,933,698 over the last ninety days. 15.15% of the stock is owned by corporate insiders.

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.