easyJet (LON:EZJ) Sets New 52-Week High – Still a Buy?

easyJet plc (LON:EZJ – Get Free Report) reached a new 52-week high during trading on Thursday. The company traded as high as GBX 684.80 and last traded at GBX 684.60, with a volume of 3,800,581 shares trading hands. The stock had previously closed at GBX 676.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EZJ shares. JPMorgan Chase & Co. upped their target price on easyJet from GBX 360 to GBX 715 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their price target on easyJet from GBX 600 to GBX 715 and gave the company a “sector perform” rating in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 646.43.

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easyJet Trading Up 1.2%

The business has a fifty day moving average of GBX 672.92 and a 200-day moving average of GBX 542.70. The stock has a market capitalization of £5.12 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.59 and a beta of 1.72. The company has a debt-to-equity ratio of 82.36, a current ratio of 1.10 and a quick ratio of 1.09.

easyJet Company Profile

(Get Free Report)

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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