Berenberg Bank Lowers Wizz Air (LON:WIZZ) to Hold

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Wizz Air (LON:WIZZ) was downgraded by Berenberg Bank to a “hold” rating in a report issued on Friday, Digital Look reports. They currently have a GBX 3,700 ($48.35) price objective on the stock, up from their previous price objective of GBX 3,600 ($47.04). Berenberg Bank’s target price would suggest a potential upside of 5.68% from the company’s current price.

Several other brokerages have also issued reports on WIZZ. Barclays decreased their price objective on Waters from $218.00 to $210.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 24th. HSBC decreased their price objective on Mediclinic International from GBX 360 ($4.70) to GBX 310 ($4.05) and set a “hold” rating for the company in a research report on Thursday, June 20th. UBS Group boosted their price objective on Zscaler from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, May 31st. Royal Bank of Canada cut their target price on from GBX 3,000 ($39.20) to GBX 2,900 ($37.89) and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Finally, JPMorgan Chase & Co. upgraded Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a research note on Wednesday, April 3rd. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Wizz Air has an average rating of “Buy” and a consensus target price of GBX 3,484.64 ($45.53).

Shares of WIZZ opened at GBX 3,501 ($45.75) on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.99 and a quick ratio of 1.71. The company has a 50 day simple moving average of GBX 3,432.28. Wizz Air has a 52-week low of GBX 2,300 ($30.05) and a 52-week high of GBX 3,814 ($49.84). The firm has a market cap of $2.55 billion and a price-to-earnings ratio of 13.60.

Wizz Air Company Profile

Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and the Middle East. The company operates through two segments, Airline and Tour Operator. The Airline segment operates under the Wizz Air brand.

See Also: What is the Quick Ratio?

Analyst Recommendations for Wizz Air (LON:WIZZ)

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