easyjet (OTCMKTS:EJTTF) Shares Gap Up – Should You Buy?

Shares of easyjet PLC (OTCMKTS:EJTTFGet Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $5.62, but opened at $6.90. easyjet shares last traded at $6.90, with a volume of 1,000 shares changing hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of easyjet from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, easyjet currently has an average rating of “Strong Buy”.

Check Out Our Latest Analysis on EJTTF

easyjet Stock Up 8.1%

The company has a 50 day moving average price of $6.30 and a 200 day moving average price of $6.61.

easyjet Company Profile

(Get Free Report)

easyJet plc is a UK-based low-cost airline known for operating scheduled point-to-point flights across Europe, Turkey, North Africa and select destinations in the Middle East. Trading under the symbol EJTTF on the OTC Markets, the company offers no-frills air travel with a focus on affordable fares and ancillary revenues from services such as seat selection, in-flight catering and checked baggage.

Founded in 1995 by Stelios Haji-Ioannou and commencing operations in 1996, easyJet pioneered the low-cost carrier model in Europe, targeting both leisure and business travelers with a streamlined cost structure and high aircraft utilization.

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