easyJet (LON:EZJ) Sets New 12-Month High – Here’s What Happened

easyJet plc (LON:EZJ) shares reached a new 52-week high during trading on Thursday. The company traded as high as GBX 683.80 and last traded at GBX 682.80, with a volume of 3,332,640 shares changing hands. The stock had previously closed at GBX 679.60.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of easyJet from GBX 360 to GBX 715 and gave the company a “neutral” rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their price target on shares of easyJet from GBX 600 to GBX 715 and gave the stock a “sector perform” rating in a report on Friday, August 21st. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, easyJet currently has an average rating of “Hold” and an average price target of GBX 646.43.

easyJet Stock Performance

The firm has a market cap of £5.08 billion, a PE ratio of 12.57, a P/E/G ratio of 0.59 and a beta of 1.72. The stock has a 50-day moving average price of GBX 671.06 and a 200 day moving average price of GBX 534.71. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

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.