EasyJet Stock Downgraded to 'Sector Perform' with Potential 10.10% Loss
EasyJet's stock took a hit after analysts at Royal Bank Of Canada downgraded it to 'Sector Perform' in a research note issued on Friday. The price target of GBX 600 suggests a potential downside of 10.10% from the company's previous close.
This is not the first time easyJet has been downgraded by investment analysts. Deutsche Bank Aktiengesellschaft restated its 'Sell' rating and set a GBX 340 target price on shares of easyJet in a report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their price target on shares of easyJet from GBX 340 to GBX 360 and gave the company an 'Underweight' rating in a research note on Friday, July 3rd.
Despite these downgrades, other analysts remain bullish on the stock. UBS Group reissued its 'Buy' rating and issued a price objective of GBX 635 on shares of easyJet in a research report on Monday, May 18th. The company has a market capitalization of £4.99 billion and a PE ratio of 12.34.