easyJet

EZJ: 979.50 -17.50 (▼1.76%)

Delayed:2016-12-12 13:17:15
Bid Price 979.00 High Price 995.00
Ask Price 980.00 Low Price 976.00
Open Price 995.00 Spread 0.10%
Prev Close 997.00 Volume 1,205,256.00

easyJet Share Price Chart

Intraday

Historic – 1 year


easyJet Share Price Information

Name easyJet Epic EZJ
Sector Travel & Leisure ISIN GB00B7KR2P84
Activites Budget airline operator. Security Type Equity

Key numbers

Latest Share Price (p) 979.50 Net Gearing (%) 37.77
Market Cap (£m) 3,999.89 Gross Gearing (%) 50.74
Shares in issue (m) 397.21 Debt Ratio 31.03
P/E Ratio 9.29 Debt-to-Equity Ratio 0.44
Divs per share (p) 53.80 Assets / Equity Ratio 2.03
Dividend Yield (%) 5.34 Price to book value 1.47
Dividend Cover 2.91 SROCE (%) 12.59
Earning per share (p) 108.40 EPS Growth (%) -22.07
52-week high / low (p) 1,771.00 / 812.00 DPS Growth (%) -2.54

easyJet Broker Views

Date Broker Rec. Price Old target price New target price Notes
08 Dec Cantor Fitzgerald Buy 979.50 1300.00 1300.00 Reiterates
02 Dec RBC Capital Markets Underperform 979.50 900.00 900.00 Downgrades
01 Dec Goldman Sachs Buy 979.50 1070.00 1070.00 Reiterates
01 Dec Deutsche Bank Hold 979.50 Retains
22 Nov HSBC Buy 979.50 1300.00 1300.00 Reiterates

easyJet Director Deals

Date Director Type Volume / Price Trade Value
13 Sep 2016 Carolyn McCall Buy 13 @ 1150.65p £149.58
13 Sep 2016 Andrew Findlay Buy 13 @ 1150.65p £149.58
12 Aug 2016 Carolyn McCall Buy 14 @ 1079.35p £151.11
12 Aug 2016 Andrew Findlay Buy 14 @ 1079.35p £151.11
28 Jul 2016 Andreas Bierwirth Buy 1480 @ 1004.00p £14,859.20
13 Jul 2016 Carolyn McCall Buy 14 @ 1081.76p £151.45
13 Jul 2016 Andrew Findlay Buy 14 @ 1081.76p £151.45
30 Jun 2016 John Barton Buy 10000 @ 1068.00p £106,800.00

easyJet Company News

Broker Forecast – RBC Capital Markets issues a broker note on easyJet PLC

RBC Capital Markets today downgrades its investment rating on easyJet PLC (LON:EZJ) to underperform (from sector performer) and left its price target at 900p.

Story provided by StockMarketWire.com

Broker Forecast – Exane BNP Paribas issues a broker note on easyJet PLC

Exane BNP Paribas today reaffirms its neutral investment rating on easyJet PLC (LON:EZJ) and cut its price target to 975p (from 1015p).

Story provided by StockMarketWire.com

Broker Forecast – Barclays Capital issues a broker note on easyJet PLC

Barclays Capital today reaffirms its equal weight investment rating on easyJet PLC (LON:EZJ) and raised its price target to 1000p (from 950p).

Story provided by StockMarketWire.com

Oil prices boost FTSE

Oil firms Royal Dutch Shell (RDSB) and BP (BP.) rallied as oil prices climbed over 3%, pushing the blue index 0.6% higher.

West Texas Intermediate (WTI) crude oil rose 4.4% to $45.23 and Brent crude oil was up 4% to $46.20 per barrel, respectively.

Gold nudged higher to $1,222 per ounce and copper fell 1.4% to $5,467 per tonne.

FTSE 100 RISERS AND FALLERS

Tesco (TSCO) grew at its fastest rate in three years in the 12 weeks to 6 November, according to grocery figures from Kantar Worldpanel. Its sales were up 2.2% year-on-year. In comparison, Sainsbury’s (SBRY) fell by 0.7% and Morrisons slipped 2.4%. Investors were excited by Tesco’s comeback against discounted supermarkets Lidl and Aldi, sending the entire quoted supermarket sector up.

Miner Anglo American (AAL) slumped 6.7% on lower rough diamond sales in its ninth cycle, which was $470m, down from $494m in the last cycle.

Low-cost airline EasyJet (EZJ) reported a 0.4% decline in revenue to £4.67bn and 27.9% drop in pre-tax profit to £495m due to challenging markets. The dividend was cut by 2.5% to 53.8p per share.

The market warmed to Intertek’s (ITRK) plan to form a Mexican joint venture with ABC Analitic, one of the country’s water testing specialists.

FTSE 250 RISERS AND FALLERS

Broadband provider TalkTalk (TALK) disappointed investors as full year EBITDA was expected at the lower end of its guidance at £320 to £360m. The company’s fixed lower price plans resulted in a ten-fold of customers re-contracting in an average month, although there was heightened churn from existing customers.

Healthcare firm BTG (BTG) needed a shot in the arm after its first half costs were hit by legal fees and currency movements. Revenue grew by nearly a quarter to £285.4m, but this was overlooked as the stock fell 5.3% to 611.5p.

Shares in Croydon tram operator FirstGroup (FGP) said adjusted pre-tax profit fell 2.2% to £21.9m in the six months to 30 September. Good trading in its North American operations was partially offset by tougher conditions in the UK bus and rail arm.

Plastic piping systems manufacturer Polypipe (PLP) announced it was on track to meet full year expectations as a result of strong organic growth and performance from its Nuaire business. The stock was 9.7% up at 285.2p.

SMALL CAP RISERS AND FALLERS

Investors were concerned over facilities management group Interserve’s (IRV) termination notice on its Glasgow Recycling & Renewable Energy project, prompting a 14% slide in the stock.

Powered access equipment provider Lavendon (LVD) reported a 15% increase in total and rental revenues in the nine months to 30 September, pushing its shares 6.9% higher.

Carclo (CAR) rose 8.4% to 123p on expectations of a stronger second half of the financial year and will benefit from an anticipated contribution from the Precision Tool & Die acquisition.

PipeHawk (PIP) declined 11.3% as its annual loss before tax widened from £753,000 to over a £1m due to challenging trading.

Melrose Industries (MRO) reported the acquisition of air management systems group Nortek was going well two months into its ownership, triggering a 3.9% rise in its shares to 174.5p. Overheads were trimmed and unprofitable operations are being closed, but its Brush power generators arm is not faring well due to tough end markets.


Story provided by StockMarketWire.com

Shell and BP push FTSE 100 higher

The FTSE 100 advanced 1%, driven by rallying stocks in the oil and gas, utility and supermarket sectors.

Royal Dutch Shell (RDSB) jumped 2.3% and BP (BP.) rose 2%, accounting for much of the rise in the blue chip index.

West Texas Intermediate (WTI) crude oil jumped 2.7% to $44.48 and Brent crude oil climbed 2.4% to $45.51 per barrel, respectively.

Gold was stable at $1,221 per ounce while copper cheapened over 2% to $5,423 per tonne.

The Office for National Statistics revealed UK inflation declined to 0.9% in October from 1% in September.

FTSE 100 RISERS AND FALLERS

Vodafone (VOD) reported a 3.9% decline in half year group revenue to €27bn, while adjusted operating profit nudged up 0.1% to €2.28bn. Chief executive Vittorio Colao said the results are modestly ahead of the group’s expectations, but the share price was flat.

Tesco (TSCO) grew at its fastest rate in three years in the 12 weeks to 6 November, according to grocery figures from Kantar Worldpanel. Its sales were up 2.2% year-on-year. In comparison, Sainsbury’s (SBRY) fell by 0.7% and Morrisons slipped 2.4%. Investors were excited by Tesco’s comeback against discounted supermarkets Lidl and Aldi, sending the entire quoted supermarket sector up.

Miner Anglo American (AAL) slumped 5.4% on lower rough diamond sales in its ninth cycle, which was $470m, down from $494m in the last cycle.

Low-cost airline EasyJet (EZJ) reported a 0.4% decline in revenue to £4.67bn and 27.9% drop in pre-tax profit to £495m due to challenging markets. The dividend was cut by 2.5% to 53.8p per share.

The market warmed to Intertek’s (ITRK) plan to form a Mexican joint venture with ABC Analitic, one of the country’s water testing specialists.

FTSE 250 RISERS AND FALLERS

Housebuilder Crest Nicholson (CRST) was optimistic, stating that sales in October continued to perform at similar levels to the previous three months. It noted a return of confidence to the market and added the business has a net cash position. Its share price dipped 1% to 455.7p.

Broadband provider TalkTalk (TALK) disappointed investors as full year EBITDA was expected at the lower end of its guidance at £320 to £360m. The company’s fixed lower price plans resulted in a ten-fold of customers re-contracting in an average month, although there was heightened churn from existing customers.

Healthcare firm BTG (BTG) needed a shot in the arm after its first half costs were hit by legal fees and currency movements. Revenue grew by nearly a quarter to £285.4m, but this was overlooked as the stock fell 4.8% to 615p.

A strong performance at the box office from films such as Secret Life of Pets and Bridget Jones’s Baby put the spotlight on Cineworld (CINE). It reported a 10.8% rise in total revenue in the 45 weeks to 10 November at constant currency rates. The cinema chain opened four Starbucks sites on its estate, bought five sites from Empire and closed two Cineworld branches in the period.

Shares in Croydon tram operator FirstGroup (FGP) were on the right track despite adjusted pre-tax profit falling 2.2% to £21.9m in the six months to 30 September. Good trading in its North American operations was partially offset by tougher conditions in the UK bus and rail arm.

Plastic piping systems manufacturer Polypipe (PLP) announced it was on track to meet full year expectations as a result of strong organic growth and performance from its Nuaire business. The stock was 7% up at 278p.

Bank of Cyprus said it will to float on the London Stock Exchange and scrap its listing in Athens. It will initially have a standard listing in the UK with plans to eventually move to a premium listing to qualify for inclusion in the FTSE indices.

SMALL CAP RISERS AND FALLERS

Carclo (CAR) was one of the biggest small cap risers as it expected a stronger second half of the financial year and will benefit from an anticipated contribution from the Precision Tool & Die acquisition.

PipeHawk (PIP) declined 16.6% as its annual loss before tax widened from £753,000 to over a £1m due to challenging trading.

Melrose Industries (MRO) reported the acquisition of air management systems group Nortek was going well two months into its ownership, triggering a 2.9% rise in its shares to 172.8p. Overheads were trimmed and unprofitable operations are being closed, but its Brush power generators arm is not faring well due to tough end markets.

Leasing group Avation (AVAP) flied 2.7% higher to 188p on news it is considering an offer to sell 22 aircraft, a deal which could trigger a special dividend for investors. It said any asset sales would have to be priced at a premium to book value.


Story provided by StockMarketWire.com