Bernstein Thinks EasyJet’s Stock is Going to Recover

Bernstein analyst Daniel Roeska maintained a Buy rating on EasyJet (EJTTFResearch Report) on October 20 and set a price target of £11.00. The company’s shares closed last Wednesday at $6.21, close to its 52-week low of $5.30.

Roeska has an average return of 2.2% when recommending EasyJet.

According to TipRanks.com, Roeska is ranked #6660 out of 7028 analysts.

Currently, the analyst consensus on EasyJet is a Moderate Buy with an average price target of $9.33, representing a 29.9% upside. In a report issued on October 8, Credit Suisse also maintained a Buy rating on the stock with a £7.29 price target.

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The company has a one-year high of $19.86 and a one-year low of $5.30. Currently, EasyJet has an average volume of 555.

Based on the recent corporate insider activity of 14 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.

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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.