easyJet plc (LON:EZJ – Get Free Report)’s share price was down 11.6% during trading on Wednesday . The company traded as low as GBX 562 and last traded at GBX 586.60. 20,085,963 shares changed hands during trading, a decline of 45% from the average session volume of 36,813,891 shares. The stock had previously closed at GBX 663.40.
Wall Street Analyst Weigh In
EZJ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on easyJet from GBX 340 to GBX 360 and gave the stock an “underweight” rating in a report on Friday, July 3rd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating and set a GBX 340 target price on shares of easyJet in a research report on Tuesday, June 2nd. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 600 price objective on shares of easyJet in a research note on Monday, July 6th. Finally, UBS Group restated a “buy” rating and set a GBX 635 price objective on shares of easyJet in a research report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 579.29.
Read Our Latest Analysis on EZJ
easyJet Stock Up 2.9%
easyJet (LON:EZJ – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The company reported GBX (50.10) earnings per share for the quarter. The firm had revenue of GBX 395 million during the quarter. easyJet had a net margin of 3.93% and a return on equity of 11.57%. Sell-side analysts expect that easyJet plc will post 67.3369565 EPS for the current year.
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.
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