easyJet share price: where now as airline stocks fall over coronavirus fears?

The low-cost carrier has seen its share price fall by nearly 30% over the last five trading sessions as investors grow increasingly concerned about the impact of the coronavirus on airline stocks.

easyJet has seen its share price tumble by almost 30% over the last five trading sessions, with investors growing increasingly worried about the impact of the coronavirus on airline stocks.

In less than a week, easyJet has seen around £1 billion wiped off its stock market value as a result of the virus continuing to spread throughout Europe and the Italian government’s draconian rules aimed at stopping the outbreak.

easyJet is trading at £10.62 a share as of 12:00 (GMT) on Thursday, down from £15.08 on Friday last week. Global equities have witnessed a significant sell-off due to the impact of the coronavirus, with the FTSE 100, DAX and S&P 500 all falling by more than 7% over the last five days.

British Airways owner IAG has also suffered too, with the stock down 18% over the period, with it trading at £5.10 a share at the time of publication.

Looking to trade easyJet and other airline stocks? Open a live or demo account with IG.

Coronavirus dampens easyJet’s positive outlook from analysts

The outbreak has derailed easyJet’s positive outlook from analysts with Société Générale upgrading its rating from ‘sell’ to ‘hold’ earlier this month, as well as upping its price target for the stock to £14.40 a share.

However, it was Citigroup that offered the most optimistic outlook for easyJet in February, with analysts from the US-based investment bank reiterating their ‘buy’ rating and upgrading their price target to £17 a share.

Based on easyJet trading at £10.62, the pair believe the stock has a potential upside of between 35.6% and 60%. However, such gains are unlikely to materialise until the coronavirus outbreak is contained.

You can go long or short easyJet with IG using derivatives like CFDs.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get commission from just 0.08% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.