Downgrade Alert for Ryanair Holdings (RYAAY)
Ryanair Holdings (NASDAQ:RYAAY) was downgraded from Buy to Hold at Deutsche Bank today. The stock closed yesterday at $76.31 on volume of 415,000 shares, above average daily volume of 318,000.
Potential upside of 23.9% exists for Ryanair Holdings, based on a current level of $76.31 and analysts' average consensus price target of $94.52. Ryanair Holdings shares should first meet resistance at the 200-day moving average (MA) of $81.07 and find additional resistance at the 50-day MA of $82.83.
Ryanair Holdings PLC provides low fare passenger airline services to destinations in Europe.
Over the past year, Ryanair Holdings has traded in a range of $59.86 to $89.67 and closed yesterday at $76.31, 27% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.
SmarTrend is monitoring the recent change of momentum in Ryanair Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ryanair Holdings in search of a potential trend change.
Keywords: analyst upgrades/downgrades ryanair holdings