easyJet (LON:EZJ) Price Target Raised to GBX 715

easyJet (LON:EZJ) had its price target increased by equities research analysts at JPMorgan Chase & Co. from GBX 360 to GBX 715 in a report issued on Friday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 7.13% from the company’s previous close.

A number of other brokerages have also weighed in on EZJ. Royal Bank Of Canada lowered easyJet to a “sector perform” rating and set a GBX 600 price objective for the company. in a research note on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating and issued a GBX 340 target price on shares of easyJet in a research report on Tuesday, June 2nd. Finally, UBS Group reiterated a “buy” rating and set a GBX 635 target price on shares of easyJet in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 630.

easyJet Stock Down 0.4%

Shares of easyJet stock opened at GBX 667.40 on Friday. The business has a 50-day moving average of GBX 567.76 and a 200-day moving average of GBX 463.53. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09. The company has a market capitalization of £4.99 billion, a PE ratio of 12.34, a P/E/G ratio of 0.59 and a beta of 1.70. easyJet has a 1-year low of GBX 332.60 and a 1-year high of GBX 683.80.

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. easyJet had a return on equity of 11.57% and a net margin of 3.93%.The business had revenue of GBX 395 million for the quarter. As a group, equities analysts forecast that easyJet will post 67.3369565 EPS for the current fiscal year.

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.