In a report released yesterday, Sathish Sivakumar from Citigroup reiterated a Sell rating on EasyJet (EJTTF – Research Report), with a price target of p425.00. The company’s shares closed last Thursday at $6.90, close to its 52-week low of $6.07.
Sivakumar has an average return of 11.4% when recommending EasyJet.
According to TipRanks.com, Sivakumar is ranked #3378 out of 7928 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EasyJet with a $9.46 average price target.
Based on EasyJet’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.
Based on the recent corporate insider activity of 22 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.
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