easyJet (LON:EZJ) Share Price Passes Above 200-Day Moving Average of $1,039.28

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Shares of easyJet plc (LON:EZJ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1,039.28 and traded as high as $1,033.50. easyJet shares last traded at $1,033.50, with a volume of 2,533,964 shares trading hands.

Several research firms have issued reports on EZJ. Oddo Securities lowered easyJet to a “reduce” rating and cut their target price for the company from GBX 1,170 ($15.29) to GBX 1,050 ($13.72) in a research note on Tuesday, July 9th. Royal Bank of Canada set a GBX 1,300 ($16.99) price target on easyJet and gave the stock a “buy” rating in a research report on Thursday, July 18th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 1,206 ($15.76) price objective on shares of easyJet in a research note on Tuesday, July 23rd. Commerzbank decreased their price objective on easyJet from GBX 1,250 ($16.33) to GBX 1,100 ($14.37) and set a “hold” rating for the company in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. set a GBX 1,060 ($13.85) target price on easyJet and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,174.86 ($15.35).

The company has a market cap of $4.09 billion and a PE ratio of 21.13. The business has a 50-day simple moving average of GBX 962.15 and a 200-day simple moving average of GBX 1,039.28. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 58.86.

In other easyJet news, insider Andrew Findlay acquired 1,279 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of GBX 970 ($12.67) per share, for a total transaction of £12,406.30 ($16,211.03). Over the last three months, insiders acquired 1,325 shares of company stock worth $1,285,721.

easyJet Company Profile (LON:EZJ)

easyJet plc, together with its subsidiaries, operates as an airline carrier primarily in Europe. As of September 30, 2018, the company operated 979 routes and a fleet of 315 aircraft. It also engages in the trading and leasing of aircraft; and the provision of graphic design services. easyJet plc was founded in 1995 and is based in Luton, the United Kingdom.

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