easyJet plc (OTCMKTS:ESYJY) Stock Rated “Reduce” by Sell-Side Brokerages

Shares of easyJet plc (OTCMKTS:ESYJY) have earned a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several research firms recently issued reports on ESYJY. UBS Group cut easyJet to a “neutral” rating in a report on Tuesday, June 30th. Citigroup restated a “neutral” rating on shares of easyJet in a research report on Monday, July 13th. Morgan Stanley reaffirmed an “underweight” rating on shares of easyJet in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of easyJet in a research note on Monday, August 24th.

easyJet Stock Performance

ESYJY stock opened at $9.06 on Tuesday. easyJet has a twelve month low of $4.57 and a twelve month high of $9.25. The business has a fifty day moving average of $8.99 and a 200-day moving average of $7.41.

easyJet Company Profile

easyJet plc is a United Kingdom-based low-cost airline group that operates scheduled short-haul passenger flights. The company serves leisure and business travelers through a network connecting airports in the United Kingdom and continental Europe with destinations in countries including France, Spain, Italy, Portugal, Greece, Switzerland, and the Netherlands, as well as selected locations in North Africa and the Middle East.

In addition to its airline operations, easyJet offers ancillary travel services such as seat selection, baggage options, onboard products, and car-hire and accommodation arrangements.