easyJet (LON:EZJ) Price Target Cut to GBX 405 by Analysts at Royal Bank Of Canada

easyJet (LON:EZJ) had its target price dropped by research analysts at Royal Bank Of Canada from GBX 415 to GBX 405 in a research report issued on Friday,London Stock Exchange reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 14.60% from the company’s previous close.

A number of other research firms have also recently weighed in on EZJ. UBS Group restated a “buy” rating and issued a GBX 635 price target on shares of easyJet in a report on Monday. Citigroup lowered their price target on easyJet from GBX 500 to GBX 490 and set a “neutral” rating on the stock in a report on Monday, February 2nd. JPMorgan Chase & Co. lowered their price target on easyJet from GBX 400 to GBX 350 and set an “underweight” rating on the stock in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on easyJet from GBX 465 to GBX 340 and set a “sell” rating on the stock in a report on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given 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 price target of GBX 550.

easyJet Stock Performance

LON EZJ opened at GBX 353.40 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 83.65. The business’s 50 day moving average is GBX 363.36 and its two-hundred day moving average is GBX 440.36. easyJet has a 12-month low of GBX 332.60 and a 12-month high of GBX 590.60. The stock has a market capitalization of £2.64 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 0.59 and a beta of 1.71.

easyJet (LON:EZJ) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. The firm had revenue of GBX 395 million during the quarter. easyJet had a return on equity of 16.07% and a net margin of 4.89%. Research analysts expect that easyJet will post 67.3369565 EPS for the current year.

About easyJet

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.