JPMorgan Chase & Co. Forecasts Strong Price Appreciation for easyJet (LON:EZJ) Stock

easyJet (LON:EZJ) had its target price raised by stock analysts at JPMorgan Chase & Co. from GBX 340 to GBX 360 in a note issued to investors on Friday,Digital Look reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 34.26% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Citigroup raised their target price on shares of easyJet from GBX 5,000 to GBX 5,800 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada raised shares of easyJet to a “sector perform” rating and upped their price target for the stock from GBX 405 to GBX 600 in a research note on Tuesday. UBS Group reiterated a “buy” rating and issued a GBX 635 price objective on shares of easyJet in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating and set a GBX 340 target price on shares of easyJet in a report on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,337.86.

easyJet Trading Down 1.9%

Shares of EZJ stock opened at GBX 547.60 on Friday. easyJet has a 1 year low of GBX 332.60 and a 1 year high of GBX 621. The firm has a market capitalization of £4.09 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.59 and a beta of 1.73. The stock has a fifty day moving average of GBX 432.55 and a two-hundred day moving average of GBX 441.53. The company has a debt-to-equity ratio of 82.36, a quick ratio of 1.09 and a current ratio of 1.10.

easyJet (LON:EZJ) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) EPS for the quarter. The business had revenue of GBX 395 million for the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. As a group, 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.