Deutsche Bank Aktiengesellschaft Cuts easyJet (LON:EZJ) Price Target to GBX 340

easyJet (LON:EZJ) had its target price cut by Deutsche Bank Aktiengesellschaft from GBX 465 to GBX 340 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have a sell rating on the stock.

A number of other research analysts also recently issued reports on the company. Peel Hunt restated a “buy” rating and issued a GBX 850 price objective on shares of easyJet in a research note on Tuesday, November 25th. JPMorgan Chase & Co. lowered shares of easyJet to an “underweight” rating and reduced their price target for the company from GBX 500 to GBX 400 in a research report on Monday, December 1st. Royal Bank Of Canada restated an “outperform” rating and set a GBX 590 price objective on shares of easyJet in a report on Monday, February 2nd. Citigroup dropped their target price on shares of easyJet from GBX 500 to GBX 490 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, Panmure Gordon increased their target price on shares of easyJet from GBX 730 to GBX 780 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 607.14.

easyJet Stock Performance

Shares of EZJ opened at GBX 356.10 on Thursday. The stock has a 50 day moving average of GBX 454.82 and a 200 day moving average of GBX 472.25. The company has a market capitalization of £2.66 billion, a price-to-earnings ratio of 5.50, a PEG ratio of 0.59 and a beta of 1.71. easyJet has a 12 month low of GBX 350 and a 12 month high of GBX 590.60. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 83.65.

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.