last week Jens Becker reported that easyJet looks quite good at the moment. Here his conclusion:
The booth! On 15 January 2019 at 15:09, easyJet was listed on the London Stock Exchange at GBP 396.09 in the “Airlines” segment.
The development! The GD200 is currently at GBP 1444.27 and the last closing price of GBP 1178 thus deviates -18.44 percent – this is a sell valuation. The GD50 is currently GBP 1144.76 and the last closing price is at a similar level (+2.9 percent). According to the P/E ratio, the share is undervalued because the P/E ratio of 12.09 is a full 37 percent lower than the industry average of 19.12 – that is a “buy”. In social media, market participants were predominantly positive in the last few days and the latest news was also positive. However, several confirmed trading signals pointed in the sell direction.
The view! All in all, Jens Becker came to the conclusion against the background of the facts that the share could indeed be worthwhile, but should be well observed.
What’s new at easyJet? We’ll stay on it for you.
A review by Jennifer Diabaté.
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