easyJet (LON:EZJ) Cut to “Sector Perform” at Royal Bank Of Canada

easyJet (LON:EZJ – Get Free Report) was downgraded by Royal Bank Of Canada to a “sector perform” rating in a research note issued on Friday,London Stock Exchange reports. They presently have a GBX 600 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential downside of 10.10% from the stock’s previous close.

EZJ has been the topic of several other research reports. JPMorgan Chase & Co. increased their price objective on easyJet from GBX 340 to GBX 360 and gave the stock an “underweight” rating in a research report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating and issued a GBX 340 target price on shares of easyJet in a research report on Tuesday, June 2nd. Finally, UBS Group restated a “buy” rating and issued a GBX 635 price target on shares of easyJet in a research note on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 630.

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easyJet Price Performance

Shares of LON EZJ opened at GBX 667.40 on Friday. The firm has a market cap of £4.99 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 0.59 and a beta of 1.70. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 82.36. easyJet has a 1-year low of GBX 332.60 and a 1-year high of GBX 683.80. The business’s 50 day moving average is GBX 567.76 and its 200-day moving average is GBX 463.53.

easyJet (LON:EZJ – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. The firm had revenue of GBX 395 million for the quarter. easyJet had a return on equity of 11.57% and a net margin of 3.93%. Equities research analysts predict that easyJet will post 67.3369565 earnings per share for the current year.

easyJet Company Profile

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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.

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