J.P. Morgan Maintains a Hold Rating on EasyJet (EJTTF)

In a report issued on June 9, David Perry from J.P. Morgan maintained a Hold rating on EasyJet (EJTTFResearch Report), with a price target of £8.45. The company’s shares closed last Tuesday at $13.96, close to its 52-week high of $14.60.

According to TipRanks.com, Perry has 0 stars on 0-5 stars ranking scale with an average return of -9.1% and a 46.1% success rate. Perry covers the Technology sector, focusing on stocks such as Rolls-Royce Holdings, Airbus Group SE, and Rolls-Royce.

Currently, the analyst consensus on EasyJet is a Moderate Buy with an average price target of $14.83, representing a 10.0% upside. In a report issued on June 1, UBS also downgraded the stock to Hold with a £11.25 price target.

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The company has a one-year high of $14.60 and a one-year low of $6.00. Currently, EasyJet has an average volume of 205.

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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.