Jefferies analyst Jaina Mistry maintained a Buy rating on EasyJet today and set a price target of £7.10.
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Jaina Mistry has given her Buy rating due to a combination of factors influencing EasyJet’s financial outlook. Despite some anticipated challenges such as French air traffic control strikes and increased fuel costs, EasyJet’s Q3 results were largely in line with expectations. The company has demonstrated effective cost management, which is expected to continue into Q4.
EasyJet is poised for a re-rating opportunity, driven by its expanding package holiday segment, fleet renewal, and strategic initiatives to optimize winter trading and ancillary revenues. The company’s robust balance sheet and net cash position suggest potential for increased dividends over the next two years. Additionally, EasyJet’s shares are trading at a relatively low valuation, presenting an attractive investment opportunity.
In another report released on July 15, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p581.00 price target.
Based on the recent corporate insider activity of 17 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.