The Goldman Sachs Group Downgrades easyJet (OTCMKTS:ESYJY) to Neutral

The Goldman Sachs Group lowered shares of easyJet (OTCMKTS:ESYJYGet Rating) from a buy rating to a neutral rating in a report issued on Friday morning, The Fly reports.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft downgraded easyJet from a hold rating to a sell rating and lowered their price target for the company from GBX 415 ($5.00) to GBX 330 ($3.98) in a research report on Tuesday, December 13th. HSBC lifted their price objective on easyJet from GBX 310 ($3.73) to GBX 380 ($4.58) in a report on Wednesday, November 23rd. Citigroup decreased their price objective on easyJet from GBX 360 ($4.34) to GBX 290 ($3.49) in a report on Thursday, October 20th. JPMorgan Chase & Co. lifted their price objective on easyJet from GBX 260 ($3.13) to GBX 320 ($3.86) in a report on Thursday, December 15th. Finally, Bank of America downgraded easyJet from a buy rating to an underperform rating in a report on Thursday, December 8th. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, easyJet has an average rating of Reduce and a consensus price target of $510.63.

easyJet Stock Performance

OTCMKTS ESYJY opened at $4.50 on Friday. The stock’s 50-day simple moving average is $4.39 and its two-hundred day simple moving average is $4.30. easyJet has a twelve month low of $3.05 and a twelve month high of $9.97.

About easyJet

(Get Rating)

easyJet plc operates as a low-cost airline carrier in Europe. It also engages in the sale of holiday packages; aircraft trading and leasing; development of building projects; financing and insurance business; and tour operator activities. As of September 30, 2022, it operated 320 aircrafts, 988 routes, and 153 airports.

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Analyst Recommendations for easyJet (OTCMKTS:ESYJY)

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