EasyJet (EJTTF) Receives a Hold from J.P. Morgan

In a report issued on January 19, David Perry from J.P. Morgan maintained a Hold rating on EasyJet (EJTTFResearch Report), with a price target of £8.25. The company’s shares closed last Wednesday at $11.49.

According to TipRanks.com, Perry ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -11.0% and a 39.2% success rate. Perry covers the Technology sector, focusing on stocks such as Rolls-Royce Holdings, Airbus Group SE, and Leonardo SpA.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EasyJet with a $12.26 average price target, which is a 7.9% upside from current levels. In a report issued on January 12, Goldman Sachs also maintained a Hold rating on the stock with a £8.40 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $19.80 and a one-year low of $5.30. Currently, EasyJet has an average volume of 1,864.

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.