Downgrades see Ryanair shares drop

SHARES in Ryanair fell by almost 6% at one stage yesterday after being downgraded by two brokers.

Downgrades see Ryanair shares drop
Wed, 01 Feb, 2006 - 00:00

American investment Citigroup cut its rating on Ryanair from buy to hold, while Merrion Stockbrokers reduced its rating from add to reduce.

The downgrades saw Ryanair shares fall by 60 cents at one point, though they recovered to end the day down 31c at €7.74 on the Irish stock exchange yesterday.

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