easyJet (LON:EZJ) Share Price Crosses Above 200-Day Moving Average of $495.84

easyJet plc (LON:EZJ) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 495.84 ($6.12) and traded as high as GBX 544.80 ($6.73). easyJet shares last traded at GBX 538.20 ($6.65), with a volume of 1,895,713 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on EZJ. Barclays reissued an “overweight” rating and set a GBX 700 ($8.65) price target on shares of easyJet in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lowered their price objective on shares of easyJet from GBX 690 ($8.52) to GBX 680 ($8.40) and set an “overweight” rating on the stock in a research report on Tuesday, February 27th.

easyJet Trading Up 1.0 %

The firm has a market capitalization of £4.05 billion, a P/E ratio of 1,251.63, a price-to-earnings-growth ratio of 2.31 and a beta of 2.58. The firm’s 50-day simple moving average is GBX 548.06 and its 200-day simple moving average is GBX 495.84. The company has a quick ratio of 1.09, a current ratio of 1.00 and a debt-to-equity ratio of 104.20.

easyJet Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, February 22nd were paid a GBX 4.50 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a dividend yield of 0.9%. easyJet’s dividend payout ratio (DPR) is 1,162.79%.

About easyJet

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.