easyJet (LON:EZJ) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

easyJet plc (LON:EZJ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 485.23 and traded as high as GBX 492.90. easyJet shares last traded at GBX 485.10, with a volume of 2,215,754 shares trading hands.

Analyst Ratings Changes

A number of research firms recently weighed in on EZJ. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 590 target price on shares of easyJet in a research report on Monday, February 2nd. UBS Group restated a “buy” rating and issued a GBX 800 price objective on shares of easyJet in a report on Friday, January 16th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 850 target price on shares of easyJet in a research report on Tuesday, November 25th. Citigroup reduced their price target on easyJet from GBX 500 to GBX 490 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded easyJet to a “sell” rating and decreased their price target for the company from GBX 535 to GBX 465 in a research note on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 625.

easyJet Stock Down 0.2%

The company has a debt-to-equity ratio of 110.33, a quick ratio of 1.09 and a current ratio of 1.02. The firm has a fifty day simple moving average of GBX 494.52 and a 200-day simple moving average of GBX 485.28. The firm has a market cap of £3.67 billion, a price-to-earnings ratio of 7.58, a P/E/G ratio of 0.59 and a beta of 2.49.

easyJet (LON:EZJ) last issued its quarterly earnings data on Tuesday, November 25th. The company reported GBX 66.40 earnings per share for the quarter. easyJet had a net margin of 4.27% and a return on equity of 13.89%. As a group, sell-side analysts expect that easyJet plc will post 67.3369565 EPS for the current year.

Insider Transactions at easyJet

In other news, insider Harald Eisenächer bought 4,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of GBX 476 per share, with a total value of £19,040. In the last ninety days, insiders acquired 4,061 shares of company stock valued at $1,933,698. Insiders own 15.22% of the company’s stock.

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.