In a report released today, Alex Irving from Bernstein maintained a Hold rating on EasyJet (EJTTF – Research Report), with a price target of £5.25. The company’s shares closed last Wednesday at $6.28.
Irving covers the Industrials sector, focusing on stocks such as EasyJet, Ryanair Holdings, and FedEx. According to TipRanks, Irving has an average return of 4.2% and a 56.69% success rate on recommended stocks.
EasyJet has an analyst consensus of Moderate Buy, with a price target consensus of $8.79, a 39.94% upside from current levels. In a report released today, Goldman Sachs also maintained a Hold rating on the stock with a £6.70 price target.
EJTTF market cap is currently $5.08B and has a P/E ratio of 12.77.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EJTTF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
EasyJet (EJTTF) Company Description:
easyJet Plc engages in the provision of passenger airline and carrier services. Its principal activities include airline operations and aircraft trading and leasing. The company was founded by Stelios Haji-Ioannou in March 1995 and is headquartered in Luton, the United Kingdom.
