HSBC Raises Wizz Air (LON:WIZZ) Price Target to GBX 3,500

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Wizz Air (LON:WIZZ) had its target price boosted by research analysts at HSBC from GBX 3,250 ($42.47) to GBX 3,500 ($45.73) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a “hold” rating on the stock. HSBC’s price objective indicates a potential downside of 8.93% from the stock’s previous close.

A number of other brokerages also recently issued reports on WIZZ. UBS Group reiterated a “neutral” rating on shares of Wizz Air in a research note on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on shares of Wizz Air from GBX 4,300 ($56.19) to GBX 4,700 ($61.41) and gave the stock an “overweight” rating in a research note on Thursday. Barclays reiterated an “overweight” rating and issued a GBX 3,450 ($45.08) price target on shares of Wizz Air in a research note on Tuesday, October 15th. Morgan Stanley reiterated an “equal weight” rating on shares of Wizz Air in a research note on Monday. Finally, Bank of America initiated coverage on shares of Wizz Air in a research note on Tuesday, October 1st. They issued a “buy” rating for the company. 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 3,622.50 ($47.33).

Shares of Wizz Air stock opened at GBX 3,843 ($50.22) on Thursday. Wizz Air has a 52-week low of GBX 2,667 ($34.85) and a 52-week high of GBX 3,960 ($51.74). The company has a 50 day moving average of GBX 3,741.14 and a 200 day moving average of GBX 3,536.86. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $2.80 billion and a P/E ratio of 14.92.

In other Wizz Air news, insider Diederik Pen sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of GBX 3,560 ($46.52), for a total transaction of £534,000 ($697,765.58).

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.

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Analyst Recommendations for Wizz Air (LON:WIZZ)

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