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easyjet (OTCMKTS:EJTTF) Shares Gap Up - Time to Buy?

easyjet logo with Transportation background

Key Points

  • EasyJet shares gapped up from a previous close of $6.55 to open at $6.88, indicating a positive market response with 150 shares traded.
  • The Royal Bank Of Canada upgraded EasyJet's rating from "hold" to "moderate buy" on June 3rd, suggesting increased investor confidence.
  • EasyJet's stock is currently up by 5.0%, with moving averages indicating a price of $7.07 over the last 50 days and $6.74 over the last 200 days.
  • Want stock alerts on easyjet? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of easyjet PLC (OTCMKTS:EJTTF - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $6.55, but opened at $6.88. easyjet shares last traded at $6.88, with a volume of 150 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised easyjet from a "hold" rating to a "moderate buy" rating in a report on Tuesday, June 3rd.

Check Out Our Latest Research Report on EJTTF

easyjet Stock Up 5.0%

The business has a 50 day moving average price of $7.07 and a two-hundred day moving average price of $6.74.

About easyjet

(Get Free Report)

easyJet plc operates as a low-cost airline carrier in Europe. The company engages in the provision of holiday packages; aircraft trading and leasing activities; development of building projects; financing and insurance business; and tour operator activities. easyJet plc was founded in 1995 and is headquartered in Luton, the United Kingdom.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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