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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  EasyJet plc    EZJ   GB00B7KR2P84

EASYJET PLC

(EZJ)
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European Airline Stocks Tumble as Coronavirus Spreads in Italy -- Update

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02/24/2020 | 09:33am EDT

By Chitra Somayaji

Shares of European airlines plunged Monday, led by easyJet PLC and Ryanair Holdings PLC, on speculation that authorities may crack down on flights and travel in the region after the biggest outbreak of coronavirus outside Asia emerged in Italy.

EasyJet shares plummeted over 16%, their biggest drop since the U.K. voted to leave the European Union in June 2016. The drop made the U.K. airline the worst performer in the pan-continental Stoxx Europe 600 index. Ryanair dropped 13.4%, while Air France-KLM SA tumbled 10.5% and TUI AG dropped 10.8%.

The declines came amid a broader selloff in global markets, with oil prices and stocks around the world retreating sharply as new pockets of the coronavirus infection came to light in South Korea, Italy and Iran. That has sharpened anxieties about the global economic impact of the outbreak, which already shows signs of curtailing manufacturing and consumption in China, the world's second-biggest economy.

Roughly 200 people have been infected by the virus in Italy, which reported a sixth death from the pathogen on Monday, in a crisis that is likely to test Europe's open borders and easy travel in coming weeks. Authorities imposed quarantines and other restrictions in Italy's economic heartland, and officials in other regions are banning or restricting activities in an attempt to limit new infections.

"Italy's lockdown, as the country tries to control the worst outbreak of the virus in Europe, has caused investors to panic about how business and society will be affected," analysts at AJ Bell said in a note. The drop in travel stocks suggests that "investors are fearful that consumers and business people may lose their appetite to travel."

 

Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM -5.85% 4.8 Real-time Quote.-48.63%
AJ BELL PLC -4.99% 295 Delayed Quote.-27.62%
EASYJET PLC -7.95% 525.6 Delayed Quote.-59.92%
LONDON BRENT OIL -3.89% 24.9 Delayed Quote.-62.08%
RYANAIR HOLDINGS PLC -4.13% 8.828 Delayed Quote.-37.06%
STOXX EUROPE 600 -2.90% 310.77 Delayed Quote.-25.24%
STOXX EUROPE 600 NR -2.89% 674.84 Delayed Quote.-24.81%
TUI AG -5.09% 3.9 Delayed Quote.-63.96%
WTI 0.57% 20.289 Delayed Quote.-62.40%
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Financials (GBP)
Sales 2020 5 693 M
EBIT 2020 137 M
Net income 2020 124 M
Debt 2020 1 118 M
Yield 2020 5,80%
P/E ratio 2020 43,8x
P/E ratio 2021 6,15x
EV / Sales2020 0,59x
EV / Sales2021 0,49x
Capitalization 2 255 M
Chart EASYJET PLC
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Technical analysis trends EASYJET PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 1 181,18  GBp
Last Close Price 571,00  GBp
Spread / Highest target 215%
Spread / Average Target 107%
Spread / Lowest Target 2,98%
EPS Revisions
Managers
NameTitle
Johan Peter Lundgren Chief Executive Officer & Director
Robert John Orr Barton Non-Executive Chairman
Peter Brendan Bellew Chief Operating Officer
Andrew Robert Findlay Chief Financial Officer & Executive Director
Sam Kini Chief Data & Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
EASYJET PLC-59.92%2 807
DELTA AIR LINES INC.-51.21%18 188
AIR CHINA LIMITED-1.77%12 101
RYANAIR HOLDINGS PLC-37.06%10 956
ANA HOLDINGS INC.-2.30%10 478
CHINA EASTERN AIRLINES CORPORATION LIMITED-1.43%8 303