easyJet (LON:EZJ) Sets New 52-Week Low – Time to Sell?

easyJet plc (LON:EZJ) hit a new 52-week low on Monday . The stock traded as low as GBX 389.30 and last traded at GBX 394.50, with a volume of 31941576 shares traded. The stock had previously closed at GBX 408.90.

Analyst Ratings Changes

A number of research firms have issued reports on EZJ. JPMorgan Chase & Co. lowered shares of easyJet to an “underweight” rating and reduced their target price for the company from GBX 500 to GBX 400 in a research note on Monday, December 1st. UBS Group restated a “buy” rating and issued a GBX 800 price target on shares of easyJet in a research note on Friday, January 16th. Citigroup cut 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. Peel Hunt reiterated a “buy” rating and set a GBX 850 price objective on shares of easyJet in a research report on Tuesday, November 25th. Finally, Panmure Gordon increased their price objective on easyJet from GBX 730 to GBX 780 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 625.

easyJet Stock Down 1.1%

The firm’s fifty day moving average is GBX 477.51 and its two-hundred day moving average is GBX 479.18. The firm has a market cap of £2.97 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 0.59 and a beta of 1.71. The company has a debt-to-equity ratio of 83.65, a current ratio of 1.11 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.