EasyJet (EJTTF) Gets a Buy Rating from UBS

By Ryan Adsit

In a report released yesterday, Jarrod Castle from UBS maintained a Buy rating on EasyJet (EJTTFResearch Report). The company’s shares closed last Thursday at $7.20, close to its 52-week low of $5.30.

According to TipRanks.com, Castle is ranked #6393 out of 6616 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EasyJet with a $96.85 average price target, implying a 1273.8% upside from current levels. In a report issued on May 6, HSBC also maintained a Buy rating on the stock with a £9.25 price target.

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EasyJet’s market cap is currently $2.38B and has a P/E ratio of 6.50. The company has a Price to Book ratio of 0.94.

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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.