easyJet (OTCMKTS:ESYJY) Price Target Cut to GBX 550

easyJet (OTCMKTS:ESYJY) had its target price reduced by investment analysts at Barclays from GBX 620 ($7.68) to GBX 550 ($6.81) in a report released on Tuesday, FlyOnTheWall reports.

A number of other equities research analysts have also issued reports on ESYJY. Stifel Nicolaus raised easyJet from a “hold” rating to a “buy” rating in a research note on Friday, July 21st. Morgan Stanley raised their price objective on easyJet from GBX 610 ($7.56) to GBX 630 ($7.80) in a report on Friday, July 21st. JPMorgan Chase & Co. raised their price objective on easyJet from GBX 550 ($6.81) to GBX 570 ($7.06) in a report on Monday, July 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on easyJet from GBX 635 ($7.87) to GBX 585 ($7.25) in a report on Wednesday, July 12th. Finally, Royal Bank of Canada lifted their price target on easyJet from GBX 540 ($6.69) to GBX 550 ($6.81) in a report on Friday, July 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $507.86.

easyJet Price Performance

Shares of ESYJY stock traded down $0.17 on Tuesday, reaching $5.33. 1,245 shares of the company’s stock were exchanged, compared to its average volume of 3,287. easyJet has a 52 week low of $3.05 and a 52 week high of $6.62. The company’s fifty day simple moving average is $5.67 and its 200 day simple moving average is $5.96.

easyJet Company Profile

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.