Credit Suisse Believes EasyJet (EJTTF) Won’t Stop Here
In a report released yesterday, Neil Glynn from Credit Suisse maintained a Buy rating on EasyJet (EJTTF), with a price target of £12.00. The company’s shares closed last Tuesday at $13.86, close to its 52-week high of $14.60.
Glynn has an average return of 0.9% when recommending EasyJet.
According to TipRanks.com, Glynn is ranked #6965 out of 7425 analysts.
Currently, the analyst consensus on EasyJet is a Moderate Buy with an average price target of $13.39, a -5.8% downside from current levels. In a report issued on March 22, Bernstein also maintained a Buy rating on the stock with a £11.50 price target.
See today’s analyst top recommended stocks >>
EasyJet’s market cap is currently $6.33B and has a P/E ratio of -4.10. The company has a Price to Book ratio of 3.54.
Based on the recent corporate insider activity of 10 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 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.