Credit Suisse Believes EasyJet (Other OTC: EJTTF) Won’t Stop Here

By Ryan Adsit

Credit Suisse analyst Neil Glynn maintained a Buy rating on EasyJet (EJTTFResearch Report) on March 24 and set a price target of £12.00. The company’s shares closed last Thursday at $14.22, close to its 52-week high of $14.60.

Glynn has an average return of 1.1% when recommending EasyJet.

According to TipRanks.com, Glynn is ranked #6964 out of 7423 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EasyJet with a $13.39 average price target, which is a -5.7% downside from current levels. In a report issued on March 22, Bernstein also maintained a Buy rating on the stock with a £11.50 price target.

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The company has a one-year high of $14.60 and a one-year low of $5.50. Currently, EasyJet has an average volume of 1,206.

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.

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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.