EasyJet (EJTTF) Gets a Hold Rating from J.P. Morgan

J.P. Morgan analyst David Perry maintained a Hold rating on EasyJet (EJTTFResearch Report) on November 27 and set a price target of £8.75. The company’s shares closed last Friday at $11.25.

According to TipRanks.com, Perry is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.1% and a 38.0% success rate. Perry covers the Technology sector, focusing on stocks such as Rolls-Royce Holdings, Airbus Group SE, and Leonardo SpA.

Currently, the analyst consensus on EasyJet is a Moderate Buy with an average price target of $10.88, representing a -2.9% downside. In a report issued on November 12, Kepler Capital also upgraded the stock to Hold with a £7.19 price target.

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EasyJet’s market cap is currently $5.11B and has a P/E ratio of -3.30. The company has a Price to Book ratio of 2.94.

Based on the recent corporate insider activity of 18 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.